Which one of the following is an example of a trading block (regional integration in trade)?

North American Free Trade Agreement

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Madras Export Trade Processing Zone

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Free Trade Zone at Kandla

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Indo-American Chamber of Commerce

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Solution

The correct option is A North American Free Trade Agreement
North American Free Trade Agreement is an example of a trading block (regional integration in trade). Trading blocks can be described as a form of economic integration, and increasingly shape the pattern of world trade. The North American Free Trade Agreement is an agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade block in North America.

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Similar questions

6. Consider the following statements,

1] MERCOSUR,is a trading block in Latin America.

2] Uruguay is an important trading partner of India among members of the MERCOSUR.

Which of the following statements is/are incorrect?

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