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Advantages And Disadvantages Of Regional Integration

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EU is by far the ‘ most advanced and developed project of regional integration in the world’. It has various competent institutions and over half a century of integrative struggles among its growing number of members which initially was six and then it has increased to twenty eight, it has achieved a number of economic, political, financial and peace keeping objectives. The Single European Act (SEA) in 1986 was prominently important as it created a single market without frontier for free movements of goods, peoples, services and capital with the enforcement of article 47 of the Treaty on European Union (TEU). EU has acquired legal personality with an independent entity in its own right. It means that it can conclude and negotiate international agreements, become members of international organisations and conventions. With the evolution of EU during the last decades there has been a …show more content…

However it is been hampered by the member countries lack of commitment and strong will and a deepening of the existing link to progress. EU is a good role model for COMESA, and Mauritius has a lot to gain in term of economic, environmental, financial and trade development. Regional integration can make governments adjust, increase negotiating power, enhance cooperation, and improve security. A whole new bloc of nation can be reconstructed like the EU bloc of countries if they perform efficiently and they recognize the importance of the regional integration. But these benefits are neither automatic nor necessarily large. Regional integration arrangements must be viewed as a means to improve general welfare and progress in contributing countries, not as an ends in themselves. Lessons from EU successful common market will be invaluable and instructive for COMESA and especially for Mauritius, with its small economy, RTA may be a question of survival in this globalized

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