Regional trade agreements boost economic growth and trade, benefiting member countries.
The article examines how regional trade agreements and economic co-operation impact growth and trade. It introduces a new approach based on a trade-growth theory within an economic integration framework. By considering various factors, the study provides insights into the effects of these agreements, particularly in China and other trading blocs like BRICS and the Indian Ocean Rim Association. The findings offer valuable information for policymakers to make informed decisions.