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.

Synonyms for Trade bloc:

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.

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