Trading Relationships and Patterns (AQA A-Level Geography): Flashcards
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Definition of customs union
Definition of customs union
Free trade between members, common external tariff for outsiders
% of EU trade occurring between member states
% of EU trade occurring between member states
Approximately 65%
China's share of global exports
China's share of global exports
Nearly 20%
Mercosur member countries
Mercosur member countries
Brazil, Argentina, Uruguay, Paraguay
Pacific Alliance member countries
Pacific Alliance member countries
Chile, Peru, Colombia, Mexico
What is AfCFTA?
What is AfCFTA?
African Continent Free Trade Area (world's largest, 2019)
Africa's historical intra-regional trade %
Africa's historical intra-regional trade %
Around 16%
Main fair trade products
Main fair trade products
Coffee, tea, cocoa, sugar, bananas, cotton, chocolate
What did USMCA replace?
What did USMCA replace?
NAFTA (North American Free Trade Agreement)
India's trade deficit in 2018
India's trade deficit in 2018
US$166 billion