Formalized system of trading agreements with groups of countries is known as
Trade organisations
A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade (tariffs and non-tariff barriers) are reduced or eliminated among the participating states.
Similar Questions
Which of the following is NOT a book of original entry?
A word is represented by only one set of numbers as given in any one of the alternatives. The sets of numbers given in the alternatives are representations for the word. Similarly, you have to identify the set for the word "RATE".
WTO basically promotes
Important Questions from International Economic institutions
When was WTO (World Trade Organization) established?
What is the CORRECT sequence of the following?
A. Uruguay Round
B. Kennedy Round
C. Doha Round
D. Geneva Round
Choose the correct answer from the options given below
Match List I with List II:
List- I
Type of Agreement
List – II
(Explanation)
A.
NAMA
(I)
Liberation of International Investments
B.
GATTs
(II)
Includes industrial goods. textile. jewellery, fish and fisheries products and manufacturing industries
C.
TRIMs
(III)
Liberalisation of trade in goods and services
D.
TRIPs
(IV)
Provides monopoly power to owners of intellectual ‘property
Choose the correct answer from the options given below -which of the following is not an objective of IMF today?
- According to the IMF's April 2025 Global Financial Stability Report, how much did global stock returns decline on average during major geopolitical risk events?
