![]() ![]() ![]() The Quad was first established in 2007, but it was inactive for several years before being re-established in 2017. The QUAD, also known as the Quadrilateral Security Dialogue or Quad, is a strategic forum comprising the United States, Japan, Australia, and India. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional trade and economic forum that promotes cooperation among seven countries in the South and Southeast Asia region.The Asia Pacific Economic Cooperation (APEC) is a regional trade and economic forum that promotes cooperation and economic integration among 21 countries in the Asia-Pacific region. ![]() The Common Market of Eastern and Southern Africa (COMESA) is a regional trade bloc that includes 19 African countries and promotes economic integration and cooperation among its member states.The Gulf Cooperation Council (GCC) is a regional trade bloc that includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, and promotes economic integration and cooperation among its member countries.The African Union (AU) is a regional trade bloc that includes 55 African countries and promotes economic integration and cooperation among its member states. This book explores whether the world economy is breaking up into regional trading and currency blocs centred on the European Community, Japan and the United. Fifteen countries have formed the worlds largest trading bloc, covering nearly a third of the global economy.The Southern Common Market (Mercosur) is a regional trade bloc that includes Argentina, Brazil, Paraguay, and Uruguay, and promotes economic integration and cooperation among its member countries. A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states.The Association of Southeast Asian Nations (ASEAN) is a regional trade bloc that includes 10 Southeast Asian countries and promotes economic integration and cooperation among its member states.The North American Free Trade Agreement (NAFTA) is a regional trade bloc that includes Canada, the United States, and Mexico, and promotes trade and economic cooperation among its member countries.China’s FTA partners are ASEAN, Singapore, Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland, Switzerland, Maldives, Mauritius, Georgia, South Korea, Australia, Cambodia, Hong Kong, and. The EU operates as a single market, with the free movement of goods, services, capital, and people within the region. China maintains 17 Free Trade Agreements (FTAs) with its trade and investment partners and is negotiating or implementing an additional eight FTAs. The European Union (EU) is a regional trade bloc that includes 27 European countries and promotes economic integration and cooperation among its member states.There are many examples of regional trade blocs around the world, including: Examples of regional trade blocs include the European Union, the North American Free Trade Agreement (NAFTA), and the Association of Southeast Asian Nations (ASEAN). ![]()
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