Intra-regional trade
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Intra-regional trade refers to trade which focuses on economic exchange primarily between countries of the same region or economic zone. In recent years countries among economic-trade regimes such as ASEAN in South-East-Asia for example have increased their level of trade and commodity exchange between themselves which reduces the inflation and tariff barriers associated with foreign markets resulting in growing prosperity.
[edit] References
<reference>Agu, C., Anthonia Achike and Uchenna Amaeze, 2009, “Does Multilateralism Crowd Out Intra-Group Trade? Evidence from Some Developing Regions” Journal of International Commercial Law and Technology Vol. 4 No 3, July, 2009 http://www.jiclt.com/index.php/jiclt/article/viewArticle/84; http://vlex.com/vid/multilateralism-crowd-intra-regions-67204861</ref>
