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How to trade world markets?

What were some of the new trade goods entering the world markets in the sixteenth century and How was European demand for these products affect overseas trade and colonization?

  • Answer:

    The European Free Trade Association (EFTA) is a free trade organisation between four European countries that operates parallel to, and is linked to, the European Union (EU). Finland became an associate member in 1961 and Iceland joined in 1970.

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New trade good entering the world markets in the 16th century include spices, sugar, peanuts, maize, coffee, tea, rare woods, tobacco, ivory, silks and cottons. European demand increased the profits of merchants, thus stimulating European capitalism.

Gabriele Mckemie

The European Free Trade Association (EFTA) is a free trade organisation between four European countries that operates parallel to, and is linked to, the European Union (EU). Finland became an associate member in 1961 and Iceland joined in 1970.

Kristina Lavelle

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