3. What and how regional economic integration is benefit for multiple free trade system in doing...

3. What and how regional economic integration is benefit for multiple
free trade system in doing business and international investment?
Please analyze your answer with ASEAN and European Union (EU)
examples

Expert Solution

Regional economic integration and multiple free trade system offers business organizations of those countries a well planned , regulated as well as conducive business environment. For example, Germany as a member of European Union can do free trade in almost 28 countries which are the members of EU.

Apart from this , Business houses of Germany will get great opportunities to work in EU and other countries where it has an agreement to do business with less restrictions. Companies invest in those trade zone where market forces occurs to boost competition and overall growth. Trade and business related regimes, bilateral and multilateral measures offers opportunities to global investors to do business in almost each sector of the economy. Countries negotiate on tariff barriers, less duty to pay, migrants workers conditions, remittances ease and other dialogue related to business interactions. ASEAN is known for trade, peace and rule of law related activities in south east Asian nations . It offers a sound platforms for doing great business among the members countries as well as a joint decision making on any third party to enter into agreements with Any of ASEAN countries. In this way, such trading blocks have many hidden as well as direct benefits to the Multinational organizations. It makes business decisions more sophisticated and beneficial one.

keosha answered 6 months ago

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