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Why can't continents be single markets like the EU?

Finshots Daily

Challenges in Emulating the Success of Regional Trade Agreements

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Attempts to emulate the success of the EU in regional trade agreements have faced challenges. The North American Free Trade Agreement (NAFTA) faced criticism for job losses in the US, leading to concerns about its effectiveness. Similarly, the South Asian Free Trade Area (SAFTA) did not significantly increase trade among member countries like Afghanistan, Bangladesh, India, and others. In contrast, the Association of Southeast Asian Nations (ASEAN) experienced significant trade growth, reaching over 25% of global trade by 2017, demonstrating a contrast in the outcomes of different regional trade agreements.

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