Seminar on Regional

Blocks
By: Taranjit kaur
 Contents
Definition
Advantages and disadvantages of regional
blocks
Types of regional blocks
 What are the regional blocks?
A regional blocks (RTB) is a co-operative
union or group of countries within a
specific geographical boundary.
 Advantages of regional trading
blocks
Foreign direct investments
Economies of scale
Competition
Trade effects
Market efficiency
 Disadvantages of RTB
Regionalism
Loss
Concessions
Interdependence
 TYPES of RTB
There are four types of RTB
1. NAFTA
2. EU
3. ASEAN
4. SAARC
 NAFTA
NAFTA is north America free trade
agreements.
It was established in JANUARY 1,1994
 Members of NAFTA
Canada
Mexico
United states of America
 Goals of NAFTA
Eliminate trade barriers among its
member states.
Promote an environment for free trade.
Increase investment opportunities.
Protect intellectual property rights.
 EU
EU is European Union (EU). It was founded in
1951 by six neighboring states as the European
coal and steel community (ECSU).
Over time, it became the European Economic
Community (EEC) and was ultimately
transformed into the European union (EU).
EU is the single regional blocks with the largest
number of member states that is 28.
 Members
Austria Malta
Belgium Poland
Romania
Bulgaria Slovakia
Finland Slovenia
France Spain
Germany Sweden
The Netherlands
Greece
The united kingdom
Hungary Denmark
Ireland Estonia
Italy
 Goal of EU
To construct a regional free trade
association of states through the union of
political, economic, and executive
connections.
 ASEAN
ASEAN is the Southeast Asian Nations
(ASEAN). IT was established on August
8,1967 in Bangkok (Thailand).
 Members of ASEAN
Cambodia
Indonesia
Malaysia
Myanmar
Philippines
Singapore
Thailand
 Goals of ASEAN
Accelerate economic growth, social progress,
and cultural developments in the region.
Promote regional peace and stability and adhere
to United Nations Charter.
ASEAN Economic community (AEC)
The AEC is aiming to transform ASEAN into a
single entity and a production powerhouse that
is highly competitive and fully compatible with
the global economy.
 SAARC
SAARC is the South Asian Association
Regional Cooperation (SAARC). It is the
regional intergovernmental organization
and geopolitical union of nations in south
Asia.
SAARC was founded in DHAKA on the 8th
December,1985.
 Members of SAARC
Afghanistan
Bangladesh
Bhutan
India
Nepal
The Maldives
Pakistan
Sri Lanka