trade alliances
Economic cooperation agreements
Trade alliances are agreements between countries to reduce barriers and promote commerce among members.
They range from simple tariff reductions to comprehensive economic unions with shared regulations and currencies.
The trade alliance eliminated import duties on agricultural goods.
Members typically gain preferential access to each other's markets while maintaining separate policies toward non-members.
- NAFTAContinental free-commerce bloc
- trading partnersEntities exchanging goods mutually
- WTOGlobal commerce regulator
- common marketIntegrated trading zone
- joint venturesShared business undertakings
customs union · tariff reduction · BRICS · open borders · import regulations · level playing field · barter systems · GATT · APEC · economic bloc · bilateral agreements · markets · handshake · leverage · embargo · exports · sanctions · commerce
- Indigenous Tradebartering, gift economy, reciprocity, marketplace, cacao beans
- Trade Systemssilk road, spice routes, shipping lanes
- informal economiesbarter, bartering, swap, barter systems, skill sharing
trade alliancesisolationism
Policy avoiding foreign alliances
protectionism · autarky · economic nationalism · self-sufficiency · trade barriers
trade alliancesunilateralism
Acting without international cooperation
trade alliancestrade wars
Economic conflicts via import duties
economic warfare · tariff wars · trade embargoes · economic sanctions · embargoes