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