1-What are the benefits (if any) of “regional integration agreements” between Nations? Support
your argument with an example of a one or two integrated bloc(s)?
The Regional Integration Agreements is one of the major international relations
developments of recent years. Most industrial and developing countries in the world are
members of a regional integration agreement, and many belong to more than one: more than
one-third of world trade takes place within such agreements.
Along with all the effects of these agreements, there are many benefits among them.
Talking about NAFTA as an example, the North America Free Trade Agreement, which is
compound by U.S., Mexico and Canada, the country members gained many benefits since its
implementation in 1994. Taking a particular look at the increased of trade and investment flows,
we can see that
(Mexican factories which take in imported raw materials and
produce goods for export), has increased its income 15.5% since the implementation of
NAFTA; from 1993 to 2006, trade among the NAFTA nations climbed 198 percent, from $297
billion to $883 billion; as of 2006, each day the NAFTA countries conducted nearly $2.4 billion
in trilateral trade; Canada and Mexico are the U.S.’ first and second largest export markets; last
year, U.S. exports to NAFTA partners alone accounted for 35 percent of total U.S. exports; For
agriculture, Canada and Mexico alone account for 50 percent of the increase in U.S. agricultural
exports to the world since 1993; NAFTA has been good for Mexican agriculture. Trade growth
has been remarkably balanced, with U.S. agricultural exports to Mexico increasing by $7.3
billion and U.S. agricultural imports from Mexico increasing by $6.7 billion during the last 13
Using now the APEC as another example, the Asia-Pacific Economic Cooperation,
which has implemented in 1989 and has current 21 members such as Australia, Brunei
Darussalam, Canada, Chile, People's Republic of China, Hong Kong, China, Indonesia, Japan,
Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines,
Russia, Singapore, Chinese Taipei, Thailand, United States and Viet Nam.
As the recent report
APEC Economies: Breaking Down the Barriers (APEC 2001) has shown, reforms in diverse