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 is known as regional economic integration.

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Regional economic integration refers to agreements among countries in a geographic region to reduce barriers to trade and promote the free flow of goods, services, and factors of production. Tariff and nontariff barriers are common targets for reduction or removal in these agreements.

Agreements Among Countries in a Geographic Region to Reduce,and Ultimately