Explain the Meaning of 'Trade Diversion' That Occurs Under a Customs

question 71

Essay

Explain the meaning of 'trade diversion' that occurs under a customs union.

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Definitions:

Germinal Stage

The earliest phase of prenatal development, encompassing the first two weeks after conception, during which the fertilized egg divides and implants in the uterine wall.

Embryonic Stage

A phase of prenatal development that occurs from the second to the eighth week after fertilization, during which major body structures and organs begin to form.

Uterine Wall

The muscular and membranous layer surrounding the uterus, which thickens during the menstrual cycle and pregnancy to support fetal development.

Germinal Stage

The first phase of prenatal development, encompassing the first two weeks after conception, during which the zygote begins to divide and grow.