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Regional Integration Strategic Framework - Revised

25-Jan-2019

Regional Integration (RI) is defined as or refers to an agglomeration of Member States that cluster on the basis of agreed policies, legal/regulatory frameworks and institutional arrangements to pursue and implement, within defined territory/territories, common, joint, coordinated or harmonized policies, projects and programs in a simultaneous, sequential, or phased manner. Alternatively, RI isthe integration of factor and goods markets accompanied by coordination of policy across sovereign jurisdictions within a region to support integration. This can range in depth (the degree of sovereignty surrendered) and scope (focused on one issue or across several topics), as reflected in NAFTA, the EU and ASEAN, the three largest examples by trade and GDP measures of regional integration.

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