Trading Blocs

SADC meeting. Image credit

SADC meeting. Image credit

ZIMSEC O Level Commerce Notes:Trading Blocs

Reasons for forming trading blocs.

  • To reduce reliance on countries outside the bloc and thus encourage the bloc members to be independent.
  • To promote trade among member states y reducing tariffs.
  • To foster peace and friendship among member states.
  • To assist each other economically in times of problems.
  • To bargain powerfully as a group when negotiating for financial assistance or debt cancellation.
  • To mobilise resources together and share ideas or technology as a group.

To access more topics go to the Commerce Notes page.

By |2017-01-17T11:19:28+00:00July 24th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|2 Comments

About the Author:

He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world.
%d bloggers like this: