Chapter 9 – Political Economy of Trade Policy

( zero internal tariffs, ( members set external tariffs independently ( customs union (e.g. EU) ( zero internal tariffs ( common external tariff . North American Free Trade Agreement (NAFTA) NAFTA is a trade agreement (ostensibly free trade) between US, Canada, and Mexico. Signed in 1993, came into effect Jan. 1 1994. ................
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