Regional Economic Communities

Regional Economic Communities (RECs) are groups of countries within a specific geographic area that collaborate to improve economic integration and promote trade among themselves. These communities aim to enhance regional stability and development by reducing trade barriers, harmonizing policies, and fostering economic cooperation. Examples include the European Union (EU) in Europe and the African Union's regional bodies in Africa. By working together, these countries can boost their economies, attract investment, and create a unified market that benefits all member states, ultimately contributing to economic growth and improved living standards for their citizens.