Which of the following is not a major trade block of the world ?
The European Union (EU), SAPTA, and LAFTA are regional trade blocs, whereas UNCTAD (United Nations Conference on Trade and Development, established in 1964) is a permanent…
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Which of the following is not a major trade block of the world ?
Answer and explanation
Correct answer D
The European Union (EU), SAPTA, and LAFTA are regional trade blocs, whereas UNCTAD (United Nations Conference on Trade and Development, established in 1964) is a permanent intergovernmental organ of the UN General Assembly, not a regional trade bloc.
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RPSC Assistant Professor (College Education)