A trade bloc is a type of intergovernmental agreement , often part of a regional intergovernmental organization , where barriers to trade ( tariffs and others ) are reduced or eliminated among the participating states.
12-461: [REDACTED] Look up bloc , blocs , Bloc , or błoć in Wiktionary, the free dictionary. Bloc may refer to: Government and politics [ edit ] Political bloc , a coalition of political parties Trade bloc , a type of intergovernmental agreement Voting bloc , a group of voters voting together Black bloc ,
24-524: A British hotel chain See also [ edit ] All pages with titles beginning with Bloc All pages with titles containing Bloc Block (disambiguation) Bloc Party , a band Bloc party , a political party that is a constituent member of an electoral bloc Bloc Québécois , a political party in Canada Block voting , or bloc voting, types of electoral systems Eastern Bloc ,
36-671: A band Bloc party , a political party that is a constituent member of an electoral bloc Bloc Québécois , a political party in Canada Block voting , or bloc voting, types of electoral systems Eastern Bloc , a former group of communist states during the Cold War Western Bloc , countries aligned with the United States during the Cold War Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
48-564: A former group of communist states during the Cold War Western Bloc , countries aligned with the United States during the Cold War Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Bloc . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Bloc&oldid=1193359090 " Category : Disambiguation pages Hidden categories: Short description
60-430: A tactic used by protesters who wear black clothing to conceal identities by making it difficult to distinguish between participants Other uses [ edit ] Bloc (code school) , an educational website Bloc Hotels , a British hotel chain See also [ edit ] All pages with titles beginning with Bloc All pages with titles containing Bloc Block (disambiguation) Bloc Party ,
72-627: Is different from Wikidata All article disambiguation pages All disambiguation pages Trade bloc Trade blocs can be stand-alone agreements between several states (such as the USMCA ) or part of a regional organization (such as the European Union ). Depending on the level of economic integration , trade blocs can be classified as preferential trading areas , free-trade areas , customs unions , common markets , or economic and monetary unions . Historic trading blocs include
84-743: The Hanseatic League , a Northern European economic alliance between the 12th and 17th centuries, and the German Customs Union , formed on the basis of the German Confederation and subsequently the German Empire from 1871. Surges of trade bloc formation occurred in the 1960s and 1970s, as well as in the 1990s after the collapse of Communism . By 1997, more than 50% of all world commerce was conducted within regional trade blocs. Economist Jeffrey J. Schott of
96-483: The Peterson Institute for International Economics notes that members of successful trade blocs usually share four common traits: similar levels of per capita GNP , geographic proximity, similar or compatible trading regimes, and political commitment to regional organization. Some advocates of global free trade are opposed to trading blocs. Trade blocs are seen by them to encourage regional free trade at
108-419: The expense of global free trade. Those who advocate for it claim that global free trade is in the interest of every country, as it would create more opportunities to turn local resources into goods and services that are both currently in demand and will be in demand in the future by consumers. However, scholars and economists continue to debate whether regional trade blocs fragment the global economy or encourage
120-1023: The extension of the existing global multilateral trading system. A common market is seen as a stage of economic integration towards an economic union or possibly towards the goal of a unified market. A single market is a type of trade bloc in which most trade barriers have been removed (for goods ) with some common policies on product regulation, and freedom of movement of the factors of production ( capital and labour ) and of enterprise and services . not all members participating involving goods , services , telecommunications , transport (full liberalisation of railways from 2012), energy (full liberalisation from 2007) telecommunications , transport and energy - proposed sensitive goods to be covered from 2019 least developed members to join from 2012 least developed members to join from 2017 Additionally some non member states also participate (the European Union , EFTA have overlapping membership and various common initiatives regarding
132-620: The 💕 [REDACTED] Look up bloc , blocs , Bloc , or błoć in Wiktionary, the free dictionary. Bloc may refer to: Government and politics [ edit ] Political bloc , a coalition of political parties Trade bloc , a type of intergovernmental agreement Voting bloc , a group of voters voting together Black bloc , a tactic used by protesters who wear black clothing to conceal identities by making it difficult to distinguish between participants Other uses [ edit ] Bloc (code school) , an educational website Bloc Hotels ,
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#1732766064982144-446: The title Bloc . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Bloc&oldid=1193359090 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages bloc From Misplaced Pages,
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