Which one of the following is NOT a major regional trade block of the world ?
ASEAN, NAFTA (USMCA), and the European Union (EU) are regional economic trade blocs, whereas UNCTAD (United Nations Conference on Trade and Development) is a permanent…
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Which one of the following is NOT a major regional trade block of the world ?
Answer and explanation
Correct answer B
ASEAN, NAFTA (USMCA), and the European Union (EU) are regional economic trade blocs, whereas UNCTAD (United Nations Conference on Trade and Development) is a permanent intergovernmental body of the UN General Assembly, not a regional trade bloc.
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RPSC Assistant Professor (College Education)