Introduction “There is no commerce without community,” (Jennae as cited in Goodreads, n.d.). Indeed, commerce has pervaded the global stratosphere, linking countries in a communal bond of trade. Designated as trade blocs, these bonds are a type of intergovernmental agreement, usually associated with geographically aligned intergovernmental confederations, “where regional barriers to trade, (tariffs, and non-tariff barriers) are reduced or eliminated among the participating states” (Boundless, n.d.). As such trade blocs enable politico-economic ventures to flourish in the benefaction of its member nations. Albeit, trade blocs also represent diverse forms of economic integration, markedly, the preferential trade area, free trade area, custom union, common market, economic union and complete political integration (“What are trading blocs?”, n.d.). Customarily, the preferential trade area denotes the lowest level of commitment to reducing tariff barriers; typically member nations reduce trade barriers sans eliminating any amoung themselves (Finance Train, 2012). Whereas, the free trade area exists under the terms whereby trade barriers are removed on all member country imports, whilst independent tariff policies for non-member imports are retained (Finance Train, 2012). Comparatively, within the custom union, trade barriers are not only removed on all imports from member states, but a set of common policies are authorized in dealing with imports from non-member countries (Finance Train, 2012). More so, in a common market, member participants eradicate internal trade barriers, endorse mutual policies concerning external non-members and facilitate the free movement of resources, like labour or capital, betwixt themselves (Finance Train, 2012). In comparison, the economic union differs from the common market in that it includes the homogeneous adoption of economic