economic alliance
Nations cooperating financially
An economic alliance is a formal agreement between countries to cooperate on trade, tariffs, or financial matters.
Members typically reduce barriers among themselves while maintaining common policies toward outsiders: The European Union began as an economic alliance before expanding into political integration.
Such alliances may involve shared currencies, coordinated regulations, or preferential trading terms.
- joint ventureCollaborative business arrangement
- trade dealNegotiated economic accord
- trade agreementPact governing international commerce
- tariff reductionDecrease in import taxes
- most favored nationBest available trade terms
free trade zone · customs union · open borders · trading partners · level playing field · business network · supply chain · member states · bilateral treaty · common market · NAFTA · consortium · merger · acquisition · European Union · ASEAN · trade bloc
- Baltic tradeLubeck, Hamburg, Bremen, Cologne, Riga
- global tradefree trade, export tax, exports, import tax, imports
- trade blocsNAFTA, EU, ASEAN, USMCA, EEC
- Central American TradeGuatemala, Honduras, El Salvador, Nicaragua, Costa Rica
- ComeconUSSR, Soviet Union, member states, socialist bloc, Poland
economic alliancemilitary pact
Treaty for joint warfare
military alliance · military bloc · defense pact · security pact · defense treaty
economic alliancetrade war
Retaliatory economic hostilities
economic warfare · trade embargo · economic blockade · trade dispute · economic competition
economic allianceeconomic isolation
Severing external trade ties
economic nationalism · protectionism · autarky · isolationism · trade barrier
economic, alliance, economy, economics, economical, economically, economist, economies, economize