skip to main content
LOTERRE

LOTERRE

Search from vocabulary

Lengua del contenido

| français English
Ayuda para la búsqueda

Concept information

Término preferido

common markets  

Definición

  • A common market is an advanced stage in economic integration, a process in which two or more countries, usually within a geographic region, agree to reduce barriers to economic transactions among themselves. It goes beyond a preferential trade agreement, in which the countries concerned offer each other lower tariffs than their normal rates, a free trade area, where member countries eliminate trade barriers among themselves, and a customs union, where they also establish common trade polices with respect to non-members. [Source: Encyclopedia of Business in Today's World; Common Market]

Pertenece al grupo

URI

http://data.loterre.fr/ark:/67375/N9J-FZF0D2P3-R

Descargue este concepto: