Regionalism (free trade arrangement)
Regionalism refers to the trend of creating large number of Free Trade Agreements. Here, the importance of WTO (Multilateralism) comes …
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The concept of trade diversion is related with free trade agreements (FTAs). Here, after the FTA formation, goods from an …
Read MoreTrade creation
The term trade creation is related with free trade agreement. Here, the relative benefit of joining in an FTA is …
Read MoreEconomic union
The Economic Union is the highest form of economic integration or co-operation. In addition to the common market, there is …
Read MoreCommon market
Common Market is an economic integration where members removes several liberalisation measures for trade including abolition of tariffs (among them), …
Read MoreCustoms union
Customs Union is an economic integration where countries abolish all tariffs within and adopt a common external tariff against the …
Read MoreFree Trade Union
Free Trade Union is the most popular form of economic integration where countries abolish all tariffs within the union, by …
Read MorePreferential trading union
Preferential Trade Agreement is a trade integration arrangement where two or more countries form a trading club or a union …
Read MoreRegional Trade Blocs or Free Trade Agreements
Regional Trade Blocs or Regional Trade Agreements (or Free Trade Agreements) are a type of regional intergovernmental arrangement, where the …
Read MoreSubsistence farming
Subsistence farming is a situation where a farmer gets a small level of income that is just sufficient to meet …
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