_____ refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods,services,and factors of production between each other.

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Regional economic integration refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other. This can take different forms such as a free trade area, customs union, common market, or economic union. The aim is to promote greater economic cooperation and integration among participating countries, by expanding markets, increasing competition, lowering costs, and boosting trade, investment, and growth. Examples of regional economic integration include the European Union, NAFTA, ASEAN, and MERCOSUR.

_____ Refers to Agreements Among Countries in a Geographic Region