Intra Regional Trade
Encyclopedia
Intra Regional Trade refers to trade
which focuses on economic exchange primarily between countries of the same region or economic zone. In recent years countries among economic-trade regimes such as ASEAN in South-East-Asia for example have increased their level of trade and commodity exchange between themselves which reduces the inflation
and tariff
barriers associated with foreign markets resulting in growing prosperity.
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
which focuses on economic exchange primarily between countries of the same region or economic zone. In recent years countries among economic-trade regimes such as ASEAN in South-East-Asia for example have increased their level of trade and commodity exchange between themselves which reduces the inflation
Inflation
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a...
and tariff
Tariff
A tariff may be either tax on imports or exports , or a list or schedule of prices for such things as rail service, bus routes, and electrical usage ....
barriers associated with foreign markets resulting in growing prosperity.