4.1.5 Trading blocs and the World Trade Organisaton (WTO)

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    4.1.5 Trading blocs and the World Trade Organisaton (WTO)

    When EU ftas established, it ftas a common market. EU citiens can ftork in any country in the EU

     Throu h eo raphical and occupatonal mobility of labour
     Wage and price inflexibility in labour numbers (I like Dou hnuts)
     Fiscal transfers used to even out re ional economical unbalances

    But they can complement tradin system and WTO strives to ensure non-members can trade
    freely and easily ftith members of a trade bloc

     

     

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