Economic Integration

Economic Integration

1. Stages of the process

   • Preferential Trade Area
   • Free Trade Area
   • Customs Union
   • Common Market
   • Economic and Monetary Union
   • Complete Economic Integration

2. Attracts new business and foreign investment

3. When economic integration increases, barriers to trade between markets decrease

4. a Common Market is currently being constituted

5. Model by means of which countries intend to benefit each other

6. Integration consists of eliminating, in a progressive way, the economic borders between countries

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