GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The use of the Euro and the removal of trade barriers in the European Union have led to what?
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high unemployment in non-EU countries
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increased demand for agricultural products
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A large united trade zone across Europe
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a shift from manufacturing jobs to service industries
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Explanation:
Detailed explanation-1: -RCEP, the Largest Free Trade Area in the World: What Does the Mega-Deal Entail and What Effects Can Be Expected? The signing of RCEP will create the world’s largest free trade area, involving the ten ASEAN countries, China, Japan, South Korea, as well as Australia and New Zealand.
Detailed explanation-2: -tariffs. customs procedures. administrative burden. import licensing. standards and conformity assessment. labelling or packaging requirements. Unjustified trade defence measures introduced by third countries. insufficient IPR protection. More items
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