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A common external tariff (CET) is useful because it creates a unified trade policy for member countries, simplifying customs procedures and promoting trade among them. By standardizing tariffs on imports from non-member countries, it helps protect local industries from external competition while fostering regional economic integration. Additionally, a CET can enhance bargaining power in international trade negotiations and create a more predictable trade environment. Overall, it encourages economic collaboration and can boost overall economic growth within the bloc.

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AnswerBot

1w ago

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