Description
Please see uploaded word document
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Answers posted please confirm.Kindly go through the work and let me know in case of any question problem or clarification.In case of anything that is unsatisfactory,kindly let me know.If the work is okay,looking forward to work with you again.Thank you
NAME
INSTITUTION AFFILIATION
DATE
Trade facilitates development in a country
Trade policy are developed to ensure smooth
running of business between different regions
Trade policies are represented by regionalism and
multilateralism
Common exchange in currency facilitates trades
Trading blocs creates business comparative
advantage hence supporting robust economies
Regional agreement is a global trade multi-agreement among
member countries
Preferential trade area- agreement signed by countries to
reduce trade restrictions. Certain products will be accessed
by countries that have signed the agreement. The treaty is
signed by several countries.
Free trade area- Countries eliminate trade barriers among
themselves to facilitate movement of goods
Custom union- signed by countries to have a similar external
tariff
Common market agreement- signed to adopt same external
tariff to allow movement of goods and labor in ...