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Commerce · Q401

Business and Commerce

Graduate and Post Graduate · Commerce · question 401

Q401

What is the situation referred to as, amongst the following, when intra-region trade is duty free but there is variation in tariff structure for import from a third country?

A.
Customs Union
B.
Common Market
C.
Free Trade Area
Answer
D.
Economic Union

Answer: Option C

Solution

Answer: Option C
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