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Multi-governmental organization (MGO)
A multi-governmental organization is created by governments to coordinate decisions or action across countries.
Free trade area
A free trade area removes tariffs and other barriers between member countries while each member keeps its own external trade policy.
Customs union
A customs union removes internal trade barriers and applies a common external tariff to non-members.
Free trade zone
A free trade zone is a designated area within a country where goods receive special customs or tax treatment.