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Int.b.e

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  • 1. REGIONAL TRADE BLOCS
    by
    M. Tarunkumar (0228)
    M.Sireesha (0229) N.ChaitanyaSudha (0230)
  • 2. Regional Trade Blocs
    • It’s a “prefrential trade agreement”(PTA) between a subset of countries designed to remove trade barriers within member countries.
    • 3. It refers to a regional trade agreement or integration.
    • 4. It also referred to as a natural trade bloc.
  • Major Trade Blocs in the world
    EU (European Union )
    NAFTA (North American Free Trade Agreement)
    MERCOSUR (Mercado Comun del Cono Sur, also known as Southern Common Markets (SCCM)
    ASEAN (Association of Southeast Asian Nations)
    SAARC (south Asian association for regional cooperation)
  • 5. PRINCIPLES & CHARACTERISTICS
    • It implies a reduction or estimation of barriers to trade.
    • 6. Trade liberalisation is discriminated .
    • 7. It exists as well regional integration agreements.
    • 8. It also entail deeper forms of integration for instance of international competition.
  • CAUSES OF TRADE BLOCS
    • The so called “old regionalism” was motivated by the desire to import development at a regional level.
    • 9. To insulate a region from the world economy and to stablise at a regional level.
    • 10. It played major role in political and economical considerations.
    • 11. Not only concessions can be easily exchanges a small number of countries .
    • 12. Trade blocs may serve to pursue non economic objectives
  • TYPES OF TRADE BLOCS
  • ADVANTAGES
    • Transactions costs will be eliminated.
    • 16. Price transparency.
    • 17. Uncertainity caused by exchange rate flactuations eliminated.
    • 18. Single currency in single market makes sense.
    • 19. Inflation.
  • DISADVANTAGES
    • The instability of the system.
    • 20. Over estimation of trade benefits .
    • 21. Loss of soveriegnty.
    • 22. Deflationary tendencies.
  • Thank q…