Trade Blocs - Global Systems

Question 1

Significant trade blocs

Answer 1

• EU
• EFTA
• NAFTA
• Mercosur
• ASEAN
• COMESA
• SAFTA
• Pacific alliance

Question 2

TPP

Answer 2

• 12 countries that boarder the pacific (40% of the worlds economic output)
• has a collective population of 800 million
• US has market of 250 million consumers
• 18,000 tariffs included to be removed