Sanoussi Bilal, “Trade blocs”, in R. Jones ed., Routledge Encyclopedia of International Political Economy, Routledge, forthcoming (2001).
Trade blocs 1.Definition and examples A trade bloc can be defined as a ‘preferential trade agreement’ (PTA) between a subset of countries, designed to significantly reduce or remove trade barriers within member countries. When a trade bloc comprises neighbouring or geographically close countries, it is referred to as a ‘regional trade (or integration) agreement’. It is sometimes also referred to as a ‘natural’ trade bloc to underline that the preferential t
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