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4.1.5 Trading blocs and the World Trade Organisation (WTO)
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Trading blocs and deeper integration

Trading blocs and deeper integration

Four-stage staircase from a free trade area through a customs union and common market to a monetary union, with examples and an arrow showing deeper integration and more pooled sovereignty

A trading bloc is a group of countries that reduce or remove trade barriers between themselves. An agreement may be bilateral between two countries or regional between several countries.

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)

Step-by-step lessons covering Edexcel A A Level Economics 4.1.5 Trading blocs and the World Trade Organisation (WTO) for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.