The development of expanded regional trade agreements, such as the Association of Southeast Asian Nations, Mercosur, and the EU, can substantially alter the level and proportion of trade flows within and across regions.

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Expanded regional trade agreements aim to increase trade among member countries within a region and can lead to significant changes in the level and composition of trade flows. For example, the removal of tariffs and non-tariff barriers can boost intra-regional trade, while increased competition from imports can affect domestic industries.

The Development of Expanded Regional Trade Agreements, Such as the Association