CHAPTER 4

AT A GLANCE

Regional economic integration has the potential to bring multiple economic benefits through trade creation, the facilitation of exports to the rest of the world, more efficient markets and the opportunity to build stronger economic institutions. To reap these benefits, the key challenges are to lower non-tariff barriers to trade, to improve cross-border infrastructure, limit the use of tariff barriers with other countries, extend liberalised market access to service sectors and strengthen institutions at the level of regional governance.