International Business Competing in the Global Market Place Study Set 4
Quiz 9: Regional Economic Integration
There Are Two Main Trading Blocs in Europe,the European Union
There are two main trading blocs in Europe,the European Union and the European Free Trade Association.
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The Treaty of Rome,signed in 1957,established the European Free Trade Association.
A central reason for the establishment of the EU was the devastation of Western Europe during two world wars and the desire for a lasting peace.
The Council of the European Union is responsible for proposing EU legislation,implementing it,and monitoring compliance with EU laws by member states.
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