Essentially you will be aware of the EU - but how does it compare to NAFTA or the ASEAN trading bloc. The former may be moving closer to the EU model but there is also a possibility of the EU trading bloc moving back towards being just a Free Trade Area. Couple of useful artices here;
http://www.tutor2u.net/economics/revision-notes/a2-macro-trade-agreements.html
http://people.stern.nyu.edu/rlevich/f1999/Chap-11.pdf
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