trading bloc

trading bloc definition - business

trading bloc

A group of countries that have associated to promote and manage trade activities. Trading blocs are formed to encourage trade of goods and services among members.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.