State any five benefits a country derives from belonging to a trading bloc.

      

State any five benefits a country derives from belonging to a trading bloc.

  

Answers


gideon
-A country has a wider market for its goods.
-A country gets goods it does not produce easily.
-Reduction on tariffs of exports.
-Creation of employment opportunities.
-Leads to countries developing joint ventures like roads.
-Exposes a country to a wide variety of goods.
-Leads to interaction between the member countries.
gideon1 answered the question on October 16, 2017 at 07:51


Next: Differentiate between favourable balance of trade and unfavourable balance of trade.
Previous: State factors which undermined company rule in Africa during the 19th century

View More Geography Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions