Trading Blocs (Leaving Cert Business): Quizzes

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Trading Blocs
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What is a trading bloc?

Countries removing trade barriers between them

What type of economy is Ireland?

An open economy

Which is a key feature of trading blocs?

Common external tariffs

When did Ireland join the European Economic Community?

1973

How large is the EU market for Irish businesses?

Over 400 million people

What consumer benefit does the EU provide when travelling across Europe?

Reduced mobile phone roaming charges

How much EU funding has Ireland received for infrastructure improvements?

Over €17 billion

When did RCEP become effective?

January 2022

Which country joined the CPTPP in 2023?

The UK

When was the World Trade Organisation established?

1995

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