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Free Trade Areas, Customs Union and the Single Market Explained

In 1950, an economist called Jacob Viner set-out a seven step, step-by-step process for the complete 'Economic Integration' of nations - today it's essentially the process of integration that the European Union is undergoing. This video explains each of those seven steps - what they comprise and what they involve: The steps are: 1 Preferential Trading Area 2 Free-Trade Area 3 Customs Union 4 Single Market 5 Economic Union 6 Economic and Monetary Union 7 Complete Economic Integration If you are not familiar with Tariffs and Trade Barriers then you may wish to view this video first:    • Tariffs, Quotas, Free Trade and Trade...   You can find The Great Brexit Debate here: On the Web at: http://greatbrexitdebate.uk/ On Facebook at:   / greatbrex.  . On Twitter at:   / grtbrexitdebate   @GrtBrexitDebate On Youtube at: https://www.youtube.com/c/TheGreatBre...

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