economic integration

Definition

The removal of barriers to trade that prevent or hinder the flow of goods and services into or out of a nation or society. Economic integration usually implies repealing tariffs, embargos, or other punitive customs practices, and may also include extending favorable taxation rates or regulatory treatment to encourage cross-border investments.

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There needed to be some economic integration because that would make things better in the future and make things more positive as well.

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As the United States and Cuba begin to reopen communication and borders, one of the biggest adjustments will be the Economic Integration of the two nations. The United States has long put sanctions on Cuba and their exports, and now that these countries are going through Economic Integration there is the potential for economic growth for both countries.

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The work towards the repeal of the economic embargo with Cuba with pave the way for economic integration within Cuba and this would open trade with the island as well as tourism.

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