Figure 1.1

One big circle represents free trade area. No duty on imports points down on the left of the circle. No duty on imports points up on the right of the circle. Vinland is at the top of the circle. Beeria is at the bottom of the circle. There is another small circle on the right named Distillia. Ten percent duty on imports from Distillia and 25 percent duty on imports from distillia point to the top and bottom of the big circle respectively.

Figure 1.1 Impact of free trade area on third country imports

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