Regional blocks are co-operative union or group of countries within a specific geographical boundary.

1. Seminar on RegionalSeminar on Regional
BlocksBlocks
By: Taranjit kaurBy: Taranjit kaur

2. ContentsContents
• Definition
• Advantages and disadvantages of regional
blocks
• Types of regional blocks

3. What are the 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.

4. Advantages of regional tradingAdvantages of regional trading
blocksblocks
• Foreign direct investments
• Economies of scale
• Competition
• Trade effects
• Market efficiency

5. Disadvantages of RTBDisadvantages of RTB
• Regionalism
• Loss
• Concessions
• Interdependence

6. TYPES of RTBTYPES of RTB
There are four types of RTB
1. NAFTA
2. EU
3. ASEAN
4. SAARC

7. NAFTANAFTA
NAFTA is north America free trade
agreements.
It was established in JANUARY 1,1994

8. Members of NAFTAMembers of NAFTA
• Canada
• Mexico
• United states of America

9. Goals of NAFTAGoals of NAFTA
• Eliminate trade barriers among its
member states.
• Promote an environment for free trade.
• Increase investment opportunities.
• Protect intellectual property rights.

10. EUEU
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.

11. MembersMembers
• Austria
• Belgium
• Bulgaria
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Malta
• Poland
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• The Netherlands
• The united kingdom
• Denmark
• Estonia

12. Goal of EUGoal of EU
• To construct a regional free trade
association of states through the union of
political, economic, and executive
connections.

13. ASEANASEAN
ASEAN is the Southeast Asian Nations
(ASEAN). IT was established on August
8,1967 in Bangkok (Thailand).

14. Members of ASEANMembers of ASEAN
• Cambodia
• Indonesia
• Malaysia
• Myanmar
• Philippines
• Singapore
• Thailand

15. Goals of ASEANGoals 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.

16. SAARCSAARC
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.

17. Members of SAARCMembers of SAARC
• Afghanistan
• Bangladesh
• Bhutan
• India
• Nepal
• The Maldives
• Pakistan
• Sri Lanka