Other regional trade blocs were also established in this period.
An Asian trade bloc is not an option of choice.
By 1997, more than 50% of all world commerce was conducted under regional trade blocs.
For a long time, it was mainly a trade bloc.
This is reflected by the new trade bloc of developing and industrialized nations: the G20.
Is the world economy headed for a split into three warring trade blocs?
The trade bloc's combined gross domestic product will be more than $900 million.
You let one alien nation move into your trade bloc, and pretty soon the whole neighborhood goes downhill.
Of these trade blocs, the United States takes part in two.
North American nations also take part in inter-continental trade blocs.