Regional Economic Organizations

Regional economic organizations are groups of neighboring countries that collaborate to promote economic growth, trade, and development within their shared region. They establish common policies, remove trade barriers, and coordinate efforts to address regional issues like infrastructure, security, or environmental concerns. Examples include the European Union, ASEAN, and MERCOSUR. These organizations aim to strengthen economic stability, increase competitiveness, and create a unified market, benefiting member countries through increased investment, job creation, and regional prosperity.