TSV
Major Economic Blocs - TSV
Economic blocs are regional economic unions formed by multiple countries to advance economic integration. Through customs unions and free trade agreements, they eliminate trade barriers among member states and promote common economic policies. Major economic blocs such as the EU, USMCA, ASEAN, RCEP, and Mercosur account for the majority of global GDP and significantly influence the world economic order.
economic bloc
economic integration
free trade agreement
regional cooperation
international economy
EU
ASEAN
RCEP
code slug name description establishedYear gdpTrillionUsd headquarters memberCount populationMillion
EU european-union European Union A political and economic union of 27 European countries. 1993 15.6 Brussels, Belgium 27 450
USMCA usmca USMCA (United States-Mexico-Canada Agreement) A free trade agreement between the US, Mexico, and Canada that replaced NAFTA in 2020. 2020 33 None (trilateral agreement) 3 500
ASEAN asean ASEAN (Association of Southeast Asian Nations) A regional organization of 10 Southeast Asian countries. Timor-Leste joined in 2025. 1967 3.1 Jakarta, Indonesia 11 670
RCEP rcep RCEP (Regional Comprehensive Economic Partnership) A free trade agreement among 15 Asia-Pacific countries. The world's largest FTA. 2022 26 Jakarta, Indonesia 15 2200
MERCOSUR mercosur Mercosur (Southern Common Market) A South American regional trade bloc with 5 full member countries. 1995 3 Montevideo, Uruguay 5 300
AU african-union African Union A continental union of all 55 African countries promoting economic integration. 2002 2.4 Addis Ababa, Ethiopia 55 1340
CPTPP cptpp CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) A free trade agreement among 11 Pacific Rim countries. 2018 13.5 None (rotating secretariat among members) 12 550
EFTA efta EFTA (European Free Trade Association) An intergovernmental organization of 4 Northern and Central European countries. 1960 1.1 Geneva, Switzerland 4 14