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Trade barriers, liberalisation, and blocs

Trade barriers, liberalisation, and blocs

Trade barriers include tariffs, quotas, and non-tariff barriers such as product standards or customs checks. Trade liberalisation means reducing these barriers so goods and services can move more easily across borders.

4.1.5 Trading blocs and the World Trade Organisation (WTO) Lesson

  1. A Level
  2. /Economics
  3. /4.1.5 Trading blocs and the World Trade Organisation (WTO)