A regional free-trade zone is the european union.
What exactly does the EU stand for?
- United Kingdom. a group whose objective is to unify Europe so that people, products, and services may travel freely between its member nations. obligations to join the European Union. No death penalty, the same monetary system, one legislative body, and a secular government. Euro
- Six nations signed the agreement creating the European Economic Community (EEC) on January 1st, 1958, laying the groundwork for the European Union.
- A free trade area is a collection of nations without a unified trade policy toward non-members but with typically eliminated tariffs and non-tariff trade obstacles amongst its members. Examples of free trade regions include the European Free Trade Association (EFTA) and the North American Free Trade Agreement (NAFTA).
To learn more about european union refer to:
https://brainly.com/question/20155590
#SPJ4
