trade integration
[/treɪd ɪnˈtɛɡreɪʃən/]
nounpl: trade integrations
integração comercial
1. The process of reducing trade barriers and increasing economic interdependence between countries or regions through agreements, treaties, and market liberalization
Trade integration between the MERCOSUR nations has increased dramatically over the past two decades.
A integração comercial entre os países do MERCOSUL aumentou dramaticamente nas últimas duas décadas.
2. The degree to which economies become interconnected through the exchange of goods, services, and capital
Greater trade integration has made supply chains more efficient but also more vulnerable to external shocks.
A maior integração comercial tornou as cadeias de suprimentos mais eficientes, mas também mais vulneráveis a choques externos.
3. The consolidation of national markets into regional or global trade blocs
Trade integration in Southeast Asia has been facilitated by ASEAN agreements.
A integração comercial no Sudeste Asiático foi facilitada pelos acordos da ASEAN.
Trade integration is a significant policy topic in Brazil, particularly in discussions about MERCOSUL expansion and Brazil's role in Latin American economics. The term is frequently used in government policy documents, business journals, and academic economics discourse. In Portugal, it is often discussed in relation to EU integration policies. The concept has been central to debates about globalization in both countries.
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