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प्रश्न
What benefits do nations get by forming trading blocs?
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उत्तर
Countries with geographical proximity, similarity and complementarities in trading item form trading blocs. These develop as a response to failure of global organisation to speed up intra-regional trade.
The main benefits arising from trade blocs are:
- Increase intra-regional trade by removing trade tariffs within member nations.
- Have a greater say in international market as they have more power as trading bloc than as an individual nation.
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संबंधित प्रश्न
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| List I (Organisation) |
List II (Established) |
| A. ASEAN | 1. 1995 |
| B. WTO | 2. 1967 |
| C. NAFTA | 3. 1994 |
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