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67
The United States has aggreements with Canada and Mexico under which the parties agree to reduce or eliminate customs duties and non-tariff trade barriers between themselves while maintaining individual tariff schedules for trade with external parties. The agreement would be best described as;
a)a regional cooperation group
b)a free trade area
c)a common market
d)a customs union
a)a regional cooperation group
b)a free trade area
c)a common market
d)a customs union
b
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Flashcard info:
Author: Kealein
Main topic: BWL
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 09.11.2010