Abstract

It is pointed out that integration processes in economic regional unions are deepening and as a result of them a number of unions transfer from inferior into superior ones. The process of establishing new free trade zones is accelerated. Some of them will unite countries from different continents (bi-regionalism).
The process of economic regionalism is especially strong in South East Asia and it is possible the biggest mega free trade zone to emerge there in the near future.
The number of bi-lateral agreements for establishing free trade zones is increasing too. The competition in the world economy intensifies even more and more.