Regional trade blocs are agreements between countries in a specific area. They aim to enhance trade and economic cooperation. These blocs can reduce tariffs and encourage investment. Examples include the European Union and ASEAN. They promote regional stability and economic growth. However, they may also lead to trade diversion. Understanding their impact is crucial for national economies and global trade dynamics.
India appears set to conclude a Free Trade Agreement (FTA) with New Zealand, while negotiations continue with Oman, Chile, Israel, Canada, the EU, the UK and others. The...
