See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
Reducing trade barriers & creating closer economic relationships
Most basic integration: reduced tariffs on certain goods
Members abolish internal tariffs, keep own external tariffs
Importing via lowest tariff member then re-exporting tariff-free
Internal free trade + common external tariff applied by all
Free mobility of labour & capital factors between members
Harmonised policies across members, often with monetary union
Ultimate form: members give up sovereignty to central authority
Liberalising world trade post-WW2 via multilateral agreement
Cut manufactured tariffs; struggled with agriculture & services
Select your subjects, and get access to A+ resources today.