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Which form of economic grouping involves the abolition or reduction of tariffs between member countries and the establishment of a common external tariff policy against third parties?a)Free trade areasb)Preferential trade areasc)Customs unionsd)Economic unionsCorrect answer is option 'C'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which form of economic grouping involves the abolition or reduction of tariffs between member countries and the establishment of a common external tariff policy against third parties?a)Free trade areasb)Preferential trade areasc)Customs unionsd)Economic unionsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which form of economic grouping involves the abolition or reduction of tariffs between member countries and the establishment of a common external tariff policy against third parties?a)Free trade areasb)Preferential trade areasc)Customs unionsd)Economic unionsCorrect answer is option 'C'. Can you explain this answer?.

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