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A VPC peering connection is a networking connection between two VPCs that enables you to route traffic between them using private IPv4 addresses or IPv6 addresses.
This Video helps to how to create VPC peering connection between two VPCs with in an account or with two different accounts. Setup VPC peering with these simple steps:
1. Create VPC-A
2. Add Subnet and Route Table
3. Attach Internet Gateway
4. Create VPC-B
5. Create VPC Peering
6. Access EC2 ( Private Subnet ) from another Account.