There are roughly 200 economic integration agreements in the world.

The European Union is the

most advanced among the blocs, comprising 27 countries in Europe. The European Union has

increased market access, improved trade rules, and harmonized standards among its members.EU

was formed after the world war 2 with the main objective of peace and prosperity between the

countries that were in war. During the years the EU advanced more and more and it still continues

to develop itself. Nowadays EU is much more that bringing peace among the countries- today

Europe is also home to the European trade agreement association. This agreement allows free trade

among the 27 member states. Outside Europe there are others blocs such as the one in the Americas

the North American Free Trade Agreement (NAFTA). This bloc is conducted of Canada, Mexico

and the United States of America. Other economic blocs in the Americas include MERCOSUR,

CARICOM, and CAN. In the Asia/Pacific region, ASEAN, APEC, and the Australia and New

Zealand Closer Economic relations Agreement (CER) are the leading blocs. Economic blocs in

Africa and the Middle East have experienced only limited success.