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Give three benefits of regional trading blocs.

Give three benefits of regional trading blocs.

Answers


sharon
- They have helped crate cooperation among member states
- Member states have a longer market for their goods
- The expanded market ha promoted industrial development
- Goods have been made cheaper for people in the region through reduction of tariffs
- Employment opportunities have been created through industrial development
- Member states are able to invest in joint development projects like railway construction.
- Trade in the regions has boosted agricultural development
- The common market has made people of the member state enjoy a variety of commodities
- There is reduced reliance on goods and services from other parts of the world
sharon kalunda answered the question on April 23, 2019 at 07:32

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