“…Security regionalism manifests itself in the sense of cooperative activities varying from "simple balance of power system or concerns to more comprehensive communities and integrated policies" (Hettne, 2008, p. 404;Rosecrance, 1991;Morgan, 1997). In this regard, concept of security regionalism can be defined as based on the commonly shared identity (Scott, 1999;Väyrynen, 2003;Hemmer and Katzenstein, 2002). Economic regionalism is perceived as a purposeful attempt of a group of countries to collectively reduce trade barriers among themselves Baldwin, 1997;Bhagwati, 1996Bhagwati, , 2008Krugman, 1993).…”