![]() ![]() There are numerous other regional trade organizations in all areas of the world and it is possible to find information about them in some of the resources listed in the general information section. Following that are discussions and resources for a selection of regional trade organizations. This section of the guide presents resources relating to the rise and development of regional trade organizations generally. An economic union represents the coordination of all the economic policies of the member countries. With a common market, regional integration includes trade as well as free movement of all aspects of production. In customs unions, member countries eliminate tariffs and create a common external trade regime. Free trade areas occur when member countries eliminate tariffs and trade barriers, but maintain individual foreign trade policies. Regional trade agreements generally take on one of four forms: free trade areas, customs unions, common markets and economic unions. The goal of a regional trade organization is the liberalization of international trade between the member nations. Jones ed.Regional trade organizations are multilateral arrangements focused around a geographical area. NAFTA has achieved substantial trade liberalisation. To end other barriers to services and investment capital within north America To eliminate all tariffs on products moving among the three countries NAFTA is a very important free trade area made up of developed and developing countries. The North American Free Trade Agreement, in 1988, signed between US and Canada, then Mexico in 1994.
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