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A significant advantage of a free trade bloc, such as NAFTA, is that consumers in all member countries benefit from higher quality goods and services at lower prices. This happens because of the elimination of barriers to trade, such as tariffs and quotas, What Are the Benefits of Trade Bloc Agreements? Trade and Tariffs. The idea of imposing a tariff on goods that cross national borders goes back centuries. Tariffs come in different varieties The Hanseatic League. Modern Trading Blocs. Benefits of Trading Blocs. Trade Blocs: The Negative Effects.