Question: 1) What is meant by economic integration? 2) Explain the following with exampe: (a) Preferential Trade Agreement (b) Free Trade Area (c) Customs Union (d)

1) What is meant by economic integration?

2) Explain the following with exampe:

(a) Preferential Trade Agreement (b) Free Trade Area (c) Customs Union (d) Common Market (e)Economic Union.

3) What are the economic and political arguments for regional economic integration?

4) What are CEFTA and BAFTA? What was their ultimate aims?

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