According to GATT, regional trade agreements: Cannot be formed Can be formed only as free-trade areas and not as customs unions Can be formed even if the duties with outside parties are more restrictive than prior to the formation Can be formed if the duties with outside parties are not more restrictive than prior to the formation
According to GATT, regional trade agreements: Cannot be formed Can be formed only as free-trade areas and not as customs unions Can be formed even if the duties with outside parties are more restrictive than prior to the formation Can be formed if the duties with outside parties are not more restrictive than prior to the formation
Chapter18: International Trade And Finance
Section: Chapter Questions
Problem 7SQ
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According to GATT, regional trade agreements:
Cannot be formed
Can be formed only as free-trade areas and not as customs unions
Can be formed even if the duties with outside parties are more restrictive than prior to the formation
Can be formed if the duties with outside parties are not more restrictive than prior to the formation
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