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A two hub trading bloc in East Asia? Chen Luring Abstract Asian countries are said to be on their way towards regionalism in the last decade as EU was born in Europe and NAFTA came into being in North
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A two-hub trading bloc refers to a trade agreement or alliance between two large economic regions or countries, aimed at facilitating trade and investment activities between them while maintaining certain trade barriers with other countries.
The governments, trade organizations, or relevant authorities of the two economic regions or countries involved in the trading bloc are responsible for initiating and filing the agreement.
Filling out a two-hub trading bloc usually involves drafting and negotiating the terms of the agreement, taking into account various aspects such as trade tariffs, quotas, rules of origin, intellectual property rights, and dispute resolution mechanisms. Legal experts, diplomats, and trade negotiators are typically involved in the process.
The purpose of a two-hub trading bloc is to enhance trade and economic cooperation between the two regions or countries involved, promote economic growth, increase market access, attract foreign investment, and develop closer political and cultural ties.
The information reported on a two-hub trading bloc may include details about the trade agreement, such as the involved parties, tariff rates, exclusion lists, rules of origin, quota allocations, dispute settlement mechanisms, state aid provisions, and any other relevant trade-related information.
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