Leaders from several states of a nation meet once a year to settle common issues. They govern their own states independently, but they work together on issues that affect them all like trade and defense. They do not have a central government that handles these matters or collects taxes. Rather, each member state agrees to this yearly meeting and to follow agreements made there. Yet nothing forces them to keep these agreements other than an interest in maintaining friendly ties with the other members. What type of government arrangement does this nation have?

Confederation

Explanation:

Confederation is the union of states to achieve a common goal or interest.

The group is created to manage challenges that may arise in future and to foaster good relationship among the member state. Matters related to business, internal trade,currency are been discussed in confederation.

There is a general government that is the head over all state tag provides support for the union.

Leadership, power, authority in confederation depends on the group decision.

Each state maintain its sovereignty in the group.

bless you your highness

propriety is the answer. hope this !

explanation: