What is the difference between a customs union and a free trade area?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 25, 2024 12:00 AM

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What is the difference between a customs union and a free trade area?

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A customs union and a free trade area are both forms of regional economic integration among countries but they differ in terms of the level of integration and the policies governing trade among member ...View the full answer

Economics

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