4.1.5

    Cards (5)

    • what are trading blocs?

      a group of countries that work togeather to promote free trade with one and other
    • what is ASEAN?
      association of south east asian nations
    • what is NAFTA?
      north american free trade agreement
    • advantages of trading blocs
      expand into new markets
      freedom of movement
      easier to source labour
    • disadvantages of trading blocs
      monopolies
      unemployment
      costs associated
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