Regional Trade Agreements Boost Global Agricultural Trade, Reshape World Economy
Regional trade agreements can impact international agricultural trade positively by reducing barriers and restrictions. Supporters of regionalization argue that these agreements can lead to more liberal trade and encourage wider global integration. The main goal of the study was to explore how regional trade agreements can promote agricultural trade by using various economic analysis methods. The findings suggest that regional agreements can help countries with similar economic conditions resolve trade issues more easily and may lead to the formation of three major trading blocks in the world economy.