Question

A _____ is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries.

Answer 1

A trade agreement is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries.

Step-by-step explanation:

A trade agreement is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries. One example of a trade agreement is the North American Free Trade Agreement (NAFTA), which is a trade agreement between Canada, the United States, and Mexico that eliminates trade barriers, such as tariffs, between each nation.