Common Market

Common Market in the United States

Common Market in the International Business Landscape

Definition of Common Market in the context of U.S. international business and public trade policy: A group of countries committed to (1) removing all barriers to the free flow of goods, services, and factors of production between each other and (2) the pursuit of a common external trade policy.

Common Market in the International Business Landscape

Definition of Common Market in the context of U.S. international business and public trade policy: Form of regional economic integration that combines features of a customs union with elimination of barriers inhibiting the movement of factors of production among members.


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