1. Discuss three each of the advantages and disadvantages of the European union to a member country. 2.Question like this explain what the regional trading bloc is then mention the four type of the trading bloc then you begin with the PT i. e. preferentially trade means you are given preference with that group. FT the removal of tariff not only selected commodities in all goods and services. The difference between FT and custom union With the bloc they charge the same rate if they dealing with world trade organization, they go with one common voice. Common market When to the common market a part from custom union when it comes to goods and service, labour, capital every are free to move around without hindrance