Define what Is Regional Economic Integration
It helps to accelerate national investments and foreign direct investments in order to acquire international competitiveness in the face of increasing globalization.
Regional Economic Integration stimulates economic growth in countries and provides additional gains from free trade beyond international agreements such as GATT and WTO. Economic interdependence creates incentives for political cooperation and reduces potential for violent confrontation. Together, the countries have the economic clout to enhance trade with other countries or trading blocs.
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