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question 215

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Definitions:

International Contract

An international contract is a legally binding agreement between parties from different countries, often involving complex considerations of multiple legal jurisdictions.

Forum

A place, meeting, or medium where ideas and views on a particular issue can be exchanged.

Regional Trade Agreements

Treaties between two or more governments that agree on regional cooperation in trade policies and tariffs, aimed at reducing trade barriers and increasing trade between member countries.

Customs Unions

A type of trade agreement among a group of countries that allows free trade and a common external tariff.

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