economic bloc

Frequency: 8.025.1 per million words

A group of countries that form a trading partnership.

blocADJECTIVE + bloc

Categories:

economic

Examples (10)

  • The European Union is a powerful economic bloc that influences global trade.
  • The formation of a new economic bloc in Asia could shift international relations.
  • These countries are considering forming an economic bloc to boost their collective bargaining power.
  • Historically, the Soviet Union led a significant economic bloc in Eastern Europe.
  • Economists are analyzing the long-term impact of this emerging economic bloc.
  • Joining the economic bloc requires member states to adhere to common trade policies.
  • What are the main advantages for a small country to be part of a larger economic bloc?
  • The economic bloc has recently signed a new free trade agreement with Canada.
  • Trade disputes within the economic bloc have become more frequent in recent years.
  • A nation's sovereignty can be challenged when it joins a powerful economic bloc.