Trade blocs are a form of economic integration and it increasingly forms the structure of world trade. To form a trade bloc, countries conclude international treaties. It can also be seen as a form of economic integration Typically, trade blocs have their own administrative and regulatory bodies.We can also say that the meaning of trading blocs is a group of countries that exist within a geographical region with the motive to protect themselves from the import of non members. 1.1 Nature of business activity - notesAnswer: Trading blocs are usually groups of countries in specific regions that manage and promote trade activities.
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