trade bloc


An agreement between states, regions, or countries, to reduce barriers to trade between the participating regions. The most well known trade bloc is NAFTA, between the United States, Canada, and Mexico. Some opponents of trade blocs believe that such agreements are detrimental to global free trade.

Use trade bloc in a sentence

The neighboring countries had a definitive trade bloc well established to keep commerce flowing across the narrow sea to everyone.

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While some people believe that tariffs protect our workers I think a trade bloc does more to promote free trade and a competitive economy.

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The two countries agreed to settle on the trade bloc to allow easier trades between their countries for the marketing of the new plastic products.

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trade barrier supranational