July 30, 2018

trade bloc

An agreement between countries intended to reduce or remove barriers to trade within member countries. Frequently, but not always, those countries are geographically close. Examples of trade blocs are the European Economic Community and the North American Free Trade Agreement (NAFTA). Syn: trading bloc.

More Words

APICS Dictionary Cover Access all 4,800 terms in the APICS Dictionary. The online version is free to members.
learn_it_app_thumb Download the Learn It app to access dictionary flashcards and a term for the day.    
Logo_iTunes Logo_GooglePlay