Trade and Regional Integration

Trade refers to the exchange of goods and services between countries, allowing nations to access products they might not produce themselves. Regional integration involves neighboring countries forming agreements to cooperate economically, often by reducing tariffs and regulations, to encourage trade and investment among themselves. This can boost economic growth, improve infrastructure, and promote stability within the region. Such collaboration helps countries leverage their strengths, create larger markets, and foster development through shared interests, ultimately benefiting the people by expanding opportunities and access to diverse goods and services.