Regional Trade Agreements Boosting Economic Growth in Asia-Pacific Region.
Regional trade agreements are important for economic growth. ASEAN countries have signed many agreements to boost trade. These agreements help countries work together to reduce tariffs and other trade barriers. The Eurasian Economic Union is focusing on forming new trade agreements with ASEAN countries. ASEAN has experience in making trade deals, with over 80 agreements in place. This shows that regional trade agreements are a key way for countries to boost their economies and work together for mutual benefit.