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Which form of economic grouping allows member countries to maintain their own trade policies with non-member nations?
  • a)
    Common markets
  • b)
    Customs unions
  • c)
    Economic unions
  • d)
    Free trade areas
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which form of economic grouping allows member countries to maintain th...
Free trade areas allow member countries to maintain their own trade policies with non-member nations. Participants aim to expand trade activities among themselves by eliminating customs tariffs on the products they produce themselves while maintaining their own external tariff on imports from third parties.
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