What is another word for trade bloc?

Pronunciation: [tɹˈe͡ɪd blˈɒk] (IPA)

The term "trade bloc" refers to a group of countries that have formalized an economic agreement to promote free trade within the bloc. There are several synonyms for this term, including "customs union," which refers to a trade bloc in which the member countries have a common external tariff for goods imported from outside the bloc. Another synonym is "regional trade agreement," which is a broader term that includes not only trade blocs but also other types of trade agreements between countries in a particular region. Finally, "economic community" is a synonym for trade bloc that emphasizes the economic integration and cooperation among member countries.

What are the hypernyms for Trade bloc?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    trade agreement, business group, commercial alliance, economic partnership, Trading Union.

Word of the Day

virgin islands national park
The Virgin Islands National Park, located on the island of St. John, is a beautiful and serene retreat that offers visitors rich experiences in nature and culture. The park has man...