CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -Regional trading agreements refer to a treaty that is signed by two or more countries to encourage the free movement of goods and services across the borders of its members. The agreement comes with internal rules that member countries follow among themselves.

Detailed explanation-2: -Regional trade agreements generally take on one of four forms: free trade areas, customs unions, common markets and economic unions. Free trade areas occur when member countries eliminate tariffs and trade barriers, but maintain individual foreign trade policies.

Detailed explanation-3: -Members consider five regional trade agreements.