Doubt in trade negotiations

Economics

Sir what is the difference between a trading bloc and customs union ??

Purvi Agarwal

CA Inter

★ 5

21-Apr-22 17:20

451

Answers (2)

In Trading bloc, members may or may not apply commmon external tariff to other countries. In customs union, they maintain a common external tariff on trade with countries outside the union.

Sahibdeep Singh

CA Inter

★ 14K+

22-Apr-22 10:53

Sahibdeep Singh

In Trading bloc, members may or may not apply commmon external tariff to other countries. In customs union, they maintain a common external tariff on trade with countries outside the union.

Got it thanks

Thread Starter

Purvi Agarwal

CA Inter

★ 5

22-Apr-22 13:02