Card 1 of 20
What is the main charge removed by a free trade agreement?
A
In 2025, the EU supplied 49% of UK imports.
B
They add cost and delay at the border.
C
A tariff - a tax on goods arriving from abroad.
D
The Trade and Cooperation Agreement governing UK-EU trade has been in force since 1 January 2021.
Card 1 of 20
4.1.2 Free trade agreements Flashcards
20 flashcards on OCR GCSE Economics 4.1.2 Free trade agreements: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.