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OpenStudy (anonymous):
How are trading blocs important for business?
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OpenStudy (anonymous):
@hlee0919 i think your racking up medals lol
OpenStudy (anonymous):
it's related to free trade. it lowers tariffs and limits the intervention of trade. NAFTA is an example. Canada, US and Mexico.
OpenStudy (anonymous):
its because trading bloc is a regional group (or bloc) of countries that band together to reduce or get rid of tariffs within their group.
OpenStudy (goldphenoix):
It create arrangements where their company can sell its knowledge easily to other businesses.
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