The Evaluation of Successfulness of Selected Regional Trade Agreements

Developing countries efforts to integrate into the global economy are following with the aim to increase the level of domestic economy productivity, improving growth outlook and increasing standards of life by increasing trade flows, technology and investment. But not all regional integrations were necessarily successful, or at least with the same degree of success. in this paper we have examine the degree of some selected regional integration success in a comparative study. These regional integrations includes MERCOSUER and NAFTA in America, SADC in Africa, EU in Europe and ASEAN, ECO and SARC in Asia which are ranked based on the economic, trade and trade facilitation indicators. Based on the findings of this study, MERCOSUR, EU, ASEAN, NAFTA, SADC, ECO and SARC are ranked respectively as a successful regional integration.