Trading Blocs

[Name of the Institute]

Trading Blocs

Regional Trading Blocs

A trade bloc is an international organization that brings together a group of countries for the purpose of obtaining mutual benefits in trade and overall economic, notwithstanding that in most cases, the formation of blocs of countries have political reasons. These forms of union between countries are made from the signing of international treaties that may be of different types (Switky, 2000). Most of the trading blocs are currently defined by a regionalist trend, while non-business relationships tend to be bilateral regional, or occur between trading blocs being formed. Regional trading blocs are between ...