The largest regional trading bloc is the

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The European Community, also known as the European Union (EU), is the largest regional trading bloc in the world in terms of GDP, with member states accounting for over 16% of global trade. It consists of 27 member states and has a single market, allowing for free movement of goods, services, capital, and people within its borders. NAFTA, the Latin American Free Trade Agreement, the Asian Free Trade Agreement, and the East Asian Cooperation Council are all regional trading blocs but do not have as large of an impact on global trade as the EU.

The Largest Regional Trading Bloc Is the