Economic Integration Programs

Economic integration programs are agreements between countries to work together to reduce trade barriers, such as tariffs and quotas, making it easier to buy and sell goods and services across borders. These programs can range from simple trade agreements to full economic unions with shared policies and regulations. The goal is to boost economic growth, increase market efficiency, and improve living standards by fostering closer cooperation and removing obstacles to commerce. Examples include regional blocs like the European Union or ASEAN, which promote seamless trade, investment, and economic collaboration among member countries.