North American Free Trade AgreementNAFTA,

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North American Free Trade Agreement (NAFTA),

• Calls for the gradual removal of tariffs and
  other trade barriers on most goods produced and
  sold in North America.
• Became effective in Canada, Mexico, and the
  United States on January 1, 1994.
• It is the world's second largest free-trade zone,
  bringing together over 370 million consumers in
  Canada, Mexico, and the United States in an open
  market.
• http//www.fas.usda.gov/itp/Policy/NAFTA/nafta.asp
  
• http//www.ustr.gov/Trade_Agreements/Regional/NAFT
  A/Section_Index.html
• http//www.nafta-sec-alena.org/DefaultSite/index_e
  .aspx

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The Common Market of the South (MERCOSUR)

• Creation date 1991.
• Common external tariff in 1995.
• Full members Argentina, Brazil, Paraguay and
  Uruguay, and more recently Venezuela. Associate
  members and Chile, Bolivia, Colombia, Ecuador
  and Peru.

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Objectives

• Improve the economies of their countries by
  making them more efficient and competitive and by
  enlarging their markets and accelerating their
  economic development by means of a more efficient
  use of available resources
• Preserve the environment
• Improve communications .
• Coordinate macroeconomic policies and
• Harmonize the different sectors of the economies
  of the member countries.
• http//www.mercosur.int/msweb/
• http//www.cfr.org/publication/12762/2

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ASEAN

• The Association of Southeast Asian Nations
  (ASEAN)
• Established on 8 August 1967 in Bangkok by the
  five original Member Countries, namely,
  Indonesia, Malaysia, Philippines, Singapore, and
  Thailand. 
• Brunei Darussalam joined on 8 January 1984
• Vietnam on 28 July 1995,
• Lao PDR and Myanmar on 23 July 1997
• Cambodia on 30 April 1999.
• The ASEAN region has a population of about 500
  million, a total area of 4.5 million square
  kilometers, a combined gross domestic product of
  almost US 700 billion, and a total trade of
  about US 850 billion.
• Source www.aseansec.org

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• OBJECTIVES 
• The ASEAN Declaration states that the aims and
  purposes of the Association are (1) to
  accelerate economic growth, social progress and
  cultural development in the region and (2) to
  promote regional peace and stability through
  abiding respect for justice and the rule of law
  in the relationship among countries in the region
  and adherence to the principles of the United
  Nations Charter.
• Source www.aseansec.org

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European UnionCovered previously