economic alliances

Financial cooperation agreements

Economic alliances are agreements between countries or entities to cooperate on trade, investment, or financial matters.

They range from free trade agreements that reduce tariffs to customs unions with common external policies to full economic unions with shared currencies and regulations.

The economic alliance between the three nations eliminated border tariffs.

Members typically gain preferential access to each other's markets while coordinating policies against non-members.

Opposites
purpose/domain

economic alliancesmilitary alliances

Treaties binding armed forces

military coalitions · defense pacts · security alliances · military treaties · NATO

cooperation vs. conflict

economic alliancestrade wars

Economic conflicts via import duties

economic warfare · economic sanctions · trade embargoes · tariff wars · economic isolation

integration vs. isolation

economic alliancesautarky

Complete economic independence

protectionism · economic nationalism · self-sufficiency · economic independence · mercantilism

Family

economic, economics, economical, economically, economist, economists, economy, economies, economize

Familiarity
Top 500,000
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Used worldwide · Timeless · Abstract · Rated G