trading bloc

Frequency: 7.721.0 per million words

A bloc of countries that practice protectionism and internal free trade.

blocADJECTIVE + bloc

Categories:

trading

Examples (10)

  • The European Union is often cited as a powerful trading bloc.
  • There have been growing tensions within the trading bloc.
  • The formation of a new trading bloc in Asia could shift global economic power.
  • Joining the trading bloc has resulted in significant economic benefits for its member states.
  • Negotiations to expand the trading bloc are currently underway.
  • Each member must adhere to the rules established by the trading bloc.
  • Leaving the trading bloc without a deal could have severe consequences for the nation's economy.
  • Historically, the creation of a trading bloc was a step towards greater regional integration.
  • That small country's economy is larger than some entire trading blocs.
  • The government's new policy aims to strengthen ties with the regional trading bloc.