Question

Trade blocs help countries by

Answer 1

Trade blocs help countries by limiting competition, since these blocks make it difficult for countries outside of the block to trade with nations within.

Answer 2

Regional trade blocks are intergovernment treaties through which several countries agree to eliminate trade barriers among its members, so that they can enjoy free trade and enhance competitiveness within the region. Moreover, they establish a joint external trade policy, setting tariffs and other trade barriers to favour domestic producers cope with competitors from outside the block.