After malta was permitted to join the european union (eu, the other countries of the eu removed all taxes on the import of goods manufactured in malta. malta was preparing to become part of a(n

Malta was preparing to become part of a regional trading zone

Regional Trading Zone is an area where Normal Tariffs or regulations (such as Tax and Quota) that usually imposed during a trade between nations are eliminated.
Trading within this zone will increase the net profit of the trading because it reduces the total expense in selling the commodity.

Very useful. it is to learn because history repeats itself so learning about it those mistakes not happen again.