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GCSE Geography · key term
A group of countries that agree to reduce barriers to trade between members.
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Specification 6.2.1 · Component 2
Revise: International Trade and Uneven DevelopmentThe World Trade Organization, or WTO, provides a forum for negotiating international trade rules and settling disputes. It is not a trade bloc. Participation can give developing countries opportunities to challenge barriers and influence agreements.
Specification 1.3.2 · Component 1, Component 2
A group of countries that agree to reduce barriers to trade between their members.
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Trade blocs, such as the European Union, encourage trade between their members.
