Regional Integration Agreements

Regional Integration Agreements are agreements between countries in a specific geographic area to promote economic cooperation and reduce trade barriers. These agreements can include free trade zones, customs unions, or common markets, enabling goods, services, and sometimes people to move freely among member countries. The aim is to enhance economic growth, improve competitiveness, and foster closer political and social ties. Examples include the European Union and the Association of Southeast Asian Nations (ASEAN). By working together, countries can leverage shared resources and markets, benefiting all members involved.