Duration: 36:47

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In this study, we were examining the impacts of the regional economic integrations in Asia continent. We first started with the definition of what is economic integrations and what are the objectives of integrations. After that, we have discussed the advantages and disadvantages of these integrations in Asia and the world; then we mentioned their trade, growth both social and political relations together. At the beginning of our researching process, we learned there are five stages on integrations—Respectively, Free-Trade area, Customs union, Single market, Economic Union, Economic and Monetary Union. In Asia integrations, we discussed that there are numerous of integration that including, eliminating trade barriers and allow free trade to developing common currency areas, cheaper import from member countries and the growth of their manufacturing capacity and, eventually, an increase in social welfare and gain competitive power. Lastly, we touch upon the integrations, namely; ASEAN, APEC, Shanghai Cooperation Organisation, SAARC, CIS, The Eurasian Customs Union detailedly examine each of them.

Fifteen countries have formed the world's largest trading agreement which covers nearly a third of the global economy.
But Before examining this huge news in the Asian market, let's take a look at Asia's economy in terms of integrations.
We will start via ongoing trade agreements and afterwards latest news about how sustainable economy swings into action.