Which of the following trading blocs does not exist?
A)NAFTA in North America
B)European Union in Europe
C)ASEAN Free Trade Area (AFTA)in Asia
D)Bilateral trade agreements between China and India

Question

Quizplus · Accepted Answer

Bilateral trade agreements between China and India are not a trading bloc. A trading bloc is a group of countries that have joined together to create a larger market for goods and services by eliminating or reducing trade barriers, such as tariffs and quotas, between the member countries. NAFTA, the European Union, and AFTA are all examples of trading blocs.

Which of the Following Trading Blocs Does Not Exist