In addition to the multilateral initiative of GATT, countries in each of the world's regions are seeking to lower barriers to trade within their regions. The following section describes the major regional economic cooperation agreements.
(1) Andean Group
(2) Association of South East Asian Nations( ASEAN)
(3) Caribbean Community and Common Market(CARICOM)
(4) Central American Common Market(CACM)
(5) Cooperation Council for the Arab States of the Gulf(GCC)
(6) Economic Community of West African States(ECOWAS)
(7) The European Union(EU)
(8) European Free Trade Association(EFTA)
(9) NORTH American Free Trade Area(NAFTA)
(10) Organization for International Economic Cooperation(OIEC)
(11) Southern Cone Common Market(MERCOSUR)
(12) South African Development Coordination Conference(SADCC)
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