International Business ManagementRegional Trading Blocs | | | | | | | |

Table of contents
Introduction……………………………………………….……………………. 3
Section one...…………………………………………………………………….4
Section two …………………………………………...……………………...….7
Section three ……………………………….………........………………...….10
Conclusion …………………………………………………………….......…..11
References …………………………………………………………………..…12

Introduction
Regional trading blocs have originally emerged since late 1950s, and overtime have posed significant contributions towards international business activities among certain regions, particularly Eastern Europe, Latin America and East Asia. This has guaranteed great opportunities for the countries across these regions to increase trade with their neighbors and work toward a broader free trade system.
As an example, the European Union (EU) is a confederation which has been formed in 1958 and includes 27 member states which are primarily located throughout the European continent. Its major activities and policies are concerned about the free movement of capital, goods, services and even people, while maintaining common policies on trade, agriculture, regional development and fisheries within the 27 countries. Such collaboration among countries is a key factor towards further developments and growth in the region. Similarly, Latin American countries have made several attempts towards effective integration of their economies and societies. The outcomes of such collaborations can be summarized in strong fiscal position, more transparent trading activities across borders, and higher investment opportunities in several areas such as energy, transportation, and telecommunication. Finally, in East Asian region, trading activities have been highly improved as a result of trade agreements. Countries such as China, India, Australia, Japan and South Korea