Question

three latin american countries enter into an agreement to remove all tariffs and trade barriers between them. they decide on a common external trade policy and charge the same tariffs. which level of economic integration best describes this arrangement? group of answer choices political union customs union common market economic union monetary union

Answer 1

Answer: customs union

Step-by-step explanation:

This arrangement is best described as a customs union, which occurs when a group of countries agree to charge the same import duties as each other and usually allow free trade between themselves.