JAMB - Economics (2010 - No. 40)
One of the characteristics of free trade zone is
common tariff against non-member countries
different trade policies of non-member countries
free factor mobility within the zone
harmonized trade among member countries
Explicació
In a free trade zone, trade/business transactions are allowed to move freely between member nations. Each member country Is allowed to determine Its own trade Policies With regard to Nonmembers.