Question: The main difference between and is that in the first one members countries can independently determine trade policies with nonmembers nations; whereas in the second

The main difference between and is that in the first one members countries can independently determine trade policies with nonmembers nations; whereas in the second one, members agree to treat trade tariffs with nonmember countries in a similar manner. free trade area - customs unions O customs unions - common market economic union - free trade area O common markets - economic union

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