Definition
Benelux is a regional economic union in Western Europe comprising three neighboring countries: Belgium, the Netherlands, and Luxembourg. Itβs like a mini-EU formed long before the actual EU existed. These countries decided to eliminate trade barriers between themselves, allowing for free movement of goods, services, capital, and people. This creates a stronger, more integrated economy among them. Think of it as a test run for larger-scale European integration. It's a close-knit partnership boosting regional prosperity.