Neringa Čepaitienė, Valerija Vinciūnienė
In the context of globalisation, regionalisation could be seen as integration at regional level. Trade liberalization, being the first stage in the linear model of economic integration and the main measure of openness of an economy, is an important and complex is-sue, and regional trade liberalization is even more so. In this context integration is a process toward inter-state security.
This paper examines the main aspects of integration phenomena, peculiarities and trends of regionalisation processes with regard to the regional integration and multilateral co-operation discussion, and finally applies the theoretical insights to the case of European integration facing challenges of the recently approximated neighbourhood.
Key words: regionalisation, economic integration, multilateral cooperation, neighbourhood, openness, association, regional trade.
JEL Classification System: F40, P16, R10.