Economics A Level (DONEEEEEEE): What type of Trading Block is the EU?

Question

What type of Trading Block is the EU?

eric_galvao · Accepted Answer

-The EU allows Free Trade between Members and Common External Tariffs. The EU is a Customs Union
-Single European market (SEM) was made in 1993. This allows the Free Trade of Goods and Services, alongside Free Mobility of Labour, Capital and Currency

Economics A Level (DONEEEEEEE)

What type of Trading Block is the EU?

-The EU allows Free Trade between Members and Common External Tariffs. The EU is a Customs Union -Single European market (SEM) was made in 1993. This allows the Free Trade of Goods and Services, alongside Free Mobility of Labour, Capital and Currency

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