L6 - Jebel Ali FEZ

Question 1

Give one reason why trade blocs are important.

Answer 1

They bring economic strength
Removes internal trading tariffs
Establishes common tariffs for foreign imports

Question 2

What is spatial division of labour?

Answer 2

Having different skilled labour outsourced to companies in different countries where the labour is cheaper

Question 3

What is a benefit of the removal of internal trade tariffs

Answer 3

Causes a growth in the market
Specialist products have a larger market to trade with
Demand for produce increases
Smaller firms can join together to form a TNC

Question 4

Which 6 countries make up the Gulf Cooperation Council?

Answer 4

Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman

Question 5

What is being built to connect the 6 countries in the GCC?

Answer 5

A railway system worth $15 billion, being built by Etihad Rail

Question 6

What does the common market in the GCC allow?

Answer 6

Allows GCC citizens to work, own property, get education and have access to healthcare in any GCC state.

Question 7

Give 2 of the objectives of the GCC

Answer 7

Creating regulations regarding trade and finance
Progressing in Science and Technology 
Unified military
Strengthening ties between citizens
Establishing a common currency