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Encyclopedia > Trade bloc
Trade Series
International trade
History of international trade
Trade bloc
Free trade area
Customs union
Trade creation
Trade diversion
Monetary union
Common market
Economic and monetary union

A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements. Typically trade pacts that define such a bloc specify formal adjudication bodies, e.g. NAFTA trade panels. This may include even a more democratic and participative system, as the EU and its parliament. International trade is the exchange of goods and services across international boundaries or territories. ... The history of international trade chronicles the way that the flow of trade over long distances has shaped, and been shaped by history. ... A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ... A customs union is a free trade area with a Common External Tariff. ... Trade creation is an economic term related to international economics in which trade is created by the formation of a customs union. ... Trade diversion is an economic term related to international economics in which trade is diverted by the formation of a customs union. ... In economics, a monetary union is a situation where several countries have agreed to share a single currency among them, for example, the East Caribbean Dollar. ... A single market is a customs union with common policies on product regulation, and freedom of movement of all the four factors of production (goods, services, capital and labour). ... This article covers the general information on the topic. ... A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ... The tax, tariff and trade laws of a political region, state or trade bloc determine which forms of consumption and production tend to be encouraged or discouraged. ... A trade pact is a wide ranging tax, tariff and trade pact that usually also includes investment guarantees. ... Nafta or NAFTA may refer to: an acronym for the North American Free Trade Agreement an acronym for the New Zealand Australia Free Trade Agreement the town/Tokyo of Nafta, Tunisia This is a disambiguation page: a list of articles associated with the same title. ... The European Parliament building in Strasbourg The inside of the building The European Parliament (formerly European Parliamentary Assembly) is the parliamentary body of the European Union (EU), directly elected by EU citizens once every five years. ...


Particularly since the demise of most of the world's empires, a number of international—generally regionally based—economic blocs have been developed to promote trade between member states. To meet Wikipedias quality standards, this article or section may require cleanup. ...


Several blocs also have stated or implicit political goals—notably the EU. Varieties of economic blocs include free trade areas, customs unions, single markets, and economic and monetary unions. Politics is a process by which decisions are made within groups. ... A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ... A customs union is a free trade area with a Common External Tariff. ... A single market is a customs union with common policies on product regulation, and freedom of movement of all the four factors of production (goods, services, capital and labour). ... This article covers the general information on the topic. ...


One of the first economic blocs was the German Customs Union (Zollverein) initiated in 1834, formed on the basis of the German Confederation and subsequently German Empire from 1871. Zollverein (German for customs union) was formed between the 38 states of the German Confederation in 1834 during the Industrial Revolution to create a better trade flow and reduce internal competition. ... The German Confederation (German: Deutscher Bund) was the association of Central European states created by the Congress of Vienna in 1815 to organize the surviving states of the Holy Roman Empire, which had been abolished in 1806. ... Flag of the German Empire, 1871–1918: black-white-red The German Empire is the name conventionally given in English to the German state from the time of the proclamation of Wilhelm I of Prussia as German Emperor (January 18, 1871) to the abdication of Wilhelm II (November 9, 1918). ...


A trade bloc is established through a trade pact (or pacts) covering different issues of the economic integration. A trade pact is a wide ranging tax, tariff and trade pact that usually also includes investment guarantees. ... Economic integration is a term used to describe how different aspects between economies are integrated. ...

Contents


Most active regional blocs

Most active regional blocs in the world.
Most active regional blocs in the world.

It is possible that a country is member of two (or more) different blocs. To avoid overlapping for this classification such countries are only included in the most active of the blocs in question. The "activity" of each block is measured by the following three criteria: Image File history File links Download high resolution version (1276x822, 171 KB) Summary The world as divided by the most active regional blocs. ... Image File history File links Download high resolution version (1276x822, 171 KB) Summary The world as divided by the most active regional blocs. ...

  • to have greater real practical achievements (not only declarations that are not followed by actual actions by its members)
  • to have more recent (or regular) activities (meetings, new agreements, other internal procedures)
  • to have more ambitious plans for future integration and a tighter timescale for it.

Also a country may be classified here as part of the less active regional bloc if the country itself is more active in it; Venezuela, for example, is a member of both the Andean Community and Mercosur. While Mercosur is a more active bloc than the Andean Community, Venezuela itself is much more active in the Andean Community than in Mercosur. Therefore Venezuela is assigned to the Andean Community for the purpose of this classification. (This is only an example. So, note, that Venezuela is planning to completely integrate with Mercosur by 2010). Economic integration is a term used to describe how different aspects between economies are integrated. ...


Priority is given to such regional blocs that have ambitions for integration in more spheres than just economy (i.e. political, defence and other spheres). Sometimes activities are divided between different (but related) blocs with small deviations in membership (e.g. NATO and EU members are almost the same). Politics is the process and method of decision-making for groups of human beings. ... In military science, defense (or defence) is the art of preventing an enemy from conquering territory. ... NATO 2002 Summit in Prague The North Atlantic Treaty Organisation (NATO), also called the North Atlantic Alliance, the Atlantic Alliance or the Western Alliance, is an international organisation for collective security established in 1949, in support of the North Atlantic Treaty signed in Washington, DC, on 4 April 1949. ...


Some colors on the map are used multiple times for different blocs. A darker color means full member; a lighter color means associate state, observer state, prospective member, candidate, acceding state or a similar status.

Most active regional blocs
Regional
bloc 1
Area (km²) Population GDP (PPP) ($US) Member
states 1
in millions per capita
EU 3,977,487 460,124,266 11,723,816 25,480 25
CARICOM 462,344 14,565,083 64,219 4,409 14+1 3
ECOWAS 5,112,903 251,646,263 342,519 1,361 15
CEMAC 3,020,142 34,970,529 85,136 2,435 6
EAC 1,763,777 97,865,428 104,239 1,065 3
CSN 17,339,153 370,158,470 2,868,430 7,749 10
GCC 2,285,844 35,869,438 536,223 14,949 6
SACU 2,693,418 51,055,878 541,433 10,605 5
COMESA 3,779,427 118,950,321 141,962 1,193 5
NAFTA 21,588,638 430,495,039 12,889,900 29,942 3
ASEAN 4,400,000 553,900,000 2,172,000 4,044 10
SAARC 5,136,740 1,467,255,669 4,074,031 2,777 8
Agadir 1,703,910 126,066,286 513,674 4,075 4
EurAsEC 20,789,100 208,067,618 1,689,137 8,118 6
CACM 422,614 37,816,598 159,536 4,219 5
PARTA 528,151 7,810,905 23,074 2,954 12+2 3
Reference
blocs and
countries 2
Area (km²) Population GDP (PPP) ($US) Political
divisions
in millions per capita
UN 133,178,011 6,411,682,270 55,167,630 8,604 192
Canada 9,984,670 32,507,874 1,077,000 34,273 13
China (PRC) 4 9,596,960 1,306,847,624 8,182,000 6,300 33
India 3,287,590 1,102,600,000 3,433,000 3,100 35
Russia 17,075,200 143,782,338 1,282,000 8,900 89
USA 9,631,418 296,900,571 11,190,000 39,100 50
1 Including data only for full and most active members

2 The first two states in the World by area, population and GDP (PPP)
3 Including non-sovereign autonomous entities of other states
4 Data for the People's Republic of China does not include Hong Kong, Macau and
regions administered by the Republic of China (Taiwan).
██ smallest value among the blocs compared ██ largest value among the blocs compared A trade bloc is a large free trade area or near-free trade area formed by one or more tax, tariff and trade agreements. ... The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas [1] which came into effect on August 1, 1973. ... The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded on May 28, 1975 when fifteen West African countries signed the Treaty of Lagos. ... States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... EAC The three states that make up the East African Community The East African Community (EAC) is a customs union in East Africa, consisting of Kenya, Uganda and Tanzania. ... The South American Community of Nations (CSN) (Spanish: Comunidad Sudamericana de Naciones, Portuguese: Comunidade Sul-Americana de Nações, Dutch: Zuid-Amerikaanse Statengemeenschap) will be a continent-wide free trade zone that will unite two existing free-trade organizations—Mercosur and the Andean Community—eliminating tariffs for non-sensitive products... Member states  Bahrain  Kuwait  Oman  Qatar  Saudi Arabia  United Arab Emirates The Cooperation Council of the Arab States of the Gulf (Arabic: مجلس التعاون لدول الخليج العربية), formerly named and still commonly called Gulf Cooperation Council (GCC) (مجلس التعاون الخليجي) is a regional organization involving the six Persian Gulf Arab States with many economic and social objectives in... States of SACU // Origins The Southern African Customs Union (SACU) came into existence on December 11, 1969 with the signature of the Customs Union Agreement between South Africa, Botswana, Lesotho, Namibia and Swaziland. ... The Common Market for Eastern and Southern Africa, is a free trade area with twenty one member states stretching from Egypt to Namibia. ... This article or section does not cite its references or sources. ... The Association of Southeast Asian Nations (ASEAN) is a political and economic organization of countries located in Southeast Asia. ... Membership 8 member states 4 observers Secretariat Headquarters Kathmandu Established December 8, 1985 Secretary General Chenkyab Dorji Official website http://www. ... The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ... Flag of EurAsEC The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. ... The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ... The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ... United Nations - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... PRC redirects here. ... A trade bloc is a large free trade area or near-free trade area formed by one or more tax, tariff and trade agreements. ... This is a list of the countries of the world sorted by area. ... Sovereignty is the exclusive right to exercise supreme political (e. ... This is a list of islands under the Republic of China administration (all claimed by the Peoples Republic of China). ... Motto: None Anthem: National Anthem of the Republic of China Capital Taipei City (de facto) Nanjing (de jure)1 Largest city Taipei City Official language(s) Mandarin (GuóyÇ”) Government Semi-presidential system  - President Chen Shui-bian  - Vice President Annette Lu  - Premier Su Tseng-chang Establishment Xinhai Revolution   - Declared October...

During 2004. Source: CIA World Factbook 2005, IMF WEO Database
This box: viewtalkedit

2004 is a leap year starting on Thursday of the Gregorian calendar. ... The World Factbook 2006 cover The World Factbook is an annual publication by the Central Intelligence Agency of the United States with basic almanac-style information about the various countries of the world. ... The logo of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ...

European Union (EU)

The European Union (EU) was originally created by the six founding states in 1952, but has grown to its current size of 25 member states. ... The European Union (EU) was originally created by the six founding states in 1952, but has grown to its current size of 25 member states. ... Bosnia and Herzegovina (also variously written Bosnia-Herzegovina, Bosnia and Hercegovina, Bosnia-Hercegovina) is a mountainous country in the western Balkans. ... Motto: none Anthem: Bože Pravde Capital Belgrade Largest city Belgrade Official language(s) Serbian1 Government Republic  - President Boris Tadić  - Prime Minister Vojislav KoÅ¡tunica Formation and independence    - Formation of Serbia 814   - Formation of the Serbian Empire 1345   - Independence from the Ottoman Empire July 13, 1878   - Serbia and Montenegro union... Motto: None Anthem: Oj, svijetla majska zoro Capital Podgorica Largest city Podgorica Official language(s) Serbian of the Ijekavian dialect1 Government Republic  - President Filip Vujanović  - Prime Minister Milo Đukanović Independence Collapse of the Serbian Empire   - Formation 1356   - Recognition March 3, 1878   - Unification with Serbia July 20, 1917   - Independence June 3... A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ... Sovereignty is the exclusive right to exercise supreme political (e. ... The European Free Trade Association (EFTA) was established on May 3, 1960 as an alternative for European states that were not allowed or did not wish to join the European Community (now the European Union). ... A European Union Association Agreement (for short, Association Agreement) is a treaty between the European Union (EU) and a non-EU country that creates a framework for co-operation between them. ... The European Community (EC), most important of three European Communities, was originally founded on March 25, 1957 by the signing of the Treaty of Rome under the name of European Economic Community. ... Map of the EEA countries. ... A customs union is a free trade area with a Common External Tariff. ... The European Union has a number of relationships with nations that are not formally part of the Union. ... In economics, a monetary union is a situation where several countries have agreed to share a single currency among them, for example, the East Caribbean Dollar. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ...

Caribbean Community (CARICOM)

The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas [1] which came into effect on August 1, 1973. ... Sovereignty is the exclusive right to exercise supreme political (e. ... Sovereignty is the exclusive right to exercise supreme political (e. ...

Economic Community of West African States (ECOWAS)

The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded on May 28, 1975 when fifteen West African countries signed the Treaty of Lagos. ...

Economic and Monetary Community of Central Africa (CEMAC)

States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... The Economic Community of Central African States (ECCAS), in French Communauté Économique des États dAfrique Centrale (CEEAC), is a organisation for promotion of regional economic co-operation in Central Africa. ...

East African Community (EAC)

EAC The three states that make up the East African Community The East African Community (EAC) is a customs union in East Africa, consisting of Kenya, Uganda and Tanzania. ...

South American Community of Nations (CSN)

The South American Community of Nations (CSN) (Spanish: Comunidad Sudamericana de Naciones, Portuguese: Comunidade Sul-Americana de Nações, Dutch: Zuid-Amerikaanse Statengemeenschap) will be a continent-wide free trade zone that will unite two existing free-trade organizations—Mercosur and the Andean Community—eliminating tariffs for non-sensitive products... Mercosur or Mercosul (Spanish: Mercado Común del Sur, Portuguese: Mercado Comum do Sul, English: Southern Common Market) is a customs union between Brazil, Argentina, Uruguay, Paraguay and Venezuela, founded in 1991 by the Treaty of Asunción, which was later amended and updated by the 1994 Treaty of Ouro... States of CAN The Andean Community of Nations (in Spanish: Comunidad Andina de Naciones, abbreviated CAN) is a trade bloc comprising the South American countries of Bolivia, Colombia, Ecuador, Peru and Venezuela. ...

Gulf Cooperation Council (GCC)

...

Southern African Customs Union (SACU)

States of SACU // Origins The Southern African Customs Union (SACU) came into existence on December 11, 1969 with the signature of the Customs Union Agreement between South Africa, Botswana, Lesotho, Namibia and Swaziland. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

Common Market for Eastern and Southern Africa (COMESA)

The Common Market for Eastern and Southern Africa, is a free trade area with twenty one member states stretching from Egypt to Namibia. ... The Intergovernmental Authority on Development (IGAD) is a seven-country regional development organization in Eastern Africa. ...

North American Free Trade Area (NAFTA)

The North American Free Trade Agreement, known usually as NAFTA, links Canada, the United States, and Mexico in a free trade sphere. ...

Association of Southeast Asian Nations (ASEAN)

The Association of Southeast Asian Nations (ASEAN) is a political and economic organization of countries located in Southeast Asia. ... The Democratic Republic of Timor-Leste, commonly known as East Timor, is an island nation in Southeast Asia, consisting of the eastern half of the island of Timor, the nearby islands of Atauro and Jaco, and Oecussi-Ambeno, a political exclave of East Timor situated on the western side of...

South Asian Association for Regional Cooperation (SAARC)

Membership 8 member states 4 observers Secretariat Headquarters Kathmandu Established December 8, 1985 Secretary General Chenkyab Dorji Official website http://www. ...

Eurasian Economic Community (EurAsEC)

Flag of EurAsEC The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. ... Kyrgyzstan (Kyrgyz: Кыргызстан) is a country in Central Asia. ...

Agadir Agreement

The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ...

Central American Common Market (CACM)

Cooperation in the framework of the bloc currently stalled and status in light of DR-CAFTA is unclear The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ... The Dominican Republic-Central America Free Trade Agreement, more commonly known as DR-CAFTA, is a free trade agreement being negotiated as of June 2005. ...

Pacific Regional Trade Agreement (PARTA of PIF)

The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ... The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ... Sovereignty is the exclusive right to exercise supreme political (e. ...

African Economic Community (AEC)

Under the umbrella of the African Union it is expected that ECOWAS, CEMAC/ECCAS, SACU/SADC, COMESA/IGAD and EAC will join into a common African Economic Community in 2019.  members of AEC pillar blocs  states signatories to the AEC Treaty, but not participating in any of the pillars The member states of the African Union are mounting efforts to collaborate economically, but they are impeded by the civil wars raging in several parts of Africa. ... Anthem: Let us all unite and celebrate together Capital Addis Ababa, Ethiopia Membership 53 member states Official languages The African languages, as well as Arabic, Swahili, English, French and Portuguese Formation - As OAU - As AU - May 25, 1963 - July 9, 2002 Chairman of the African Union Denis Sassou-Nguesso Chairman... 2019 (MMXIX) will be a common year starting on Tuesday of the Gregorian calendar. ...


Other states or entities

  • Arab States:
    • Iraq: aiming at GCC membership, but also possibility for Agadir
    • Palestine: problems with status, prospective member for Agadir
    • Sahrawi Republic: problems with status, member of the African Union, general possibility for Agadir
  • Latin America:
    • Cuba: mostly isolated because of political system, possibility for CARICOM or CACM
    • Panama: US dollar serves as parallel legal tender, possibility of engaging with CSN or CACM

A European Union Association Agreement (Association Agreement) is a treaty between the European Union (EU) and a non-EU country that creates a framework for co-operation between them. ... A European Union Association Agreement (Association Agreement) is a treaty between the European Union (EU) and a non-EU country that creates a framework for co-operation between them. ... Sovereignty is the exclusive right to exercise supreme political (e. ... Two parts of the Treaty of Rome deal with special relationships: Article 299 which sets out the territories to which the treaty applies, supplemented by the accession treaties; and Articles 182-188 and Annex II on association with the non-European countries and territories which have special relations with the... The West Bank map The Gaza Strip map Palestinian territories is one of a number of terms used to describe, from Arab point of view, areas captured by Israel in the Six-day War of 1967, whose political status has been the subject of negotiations between Israel and the Palestine... Official language Arabic, Spanish Largest city Al `UyÅ«n (العيون) - Arabic original El Aaiún - Spanish transliteration Laâyoune - French transliteration Area - Total - % water 266,000 km² Negligible Population - Total - Density 267,405 (July 2004 est. ... Anthem: Let us all unite and celebrate together Capital Addis Ababa, Ethiopia Membership 53 member states Official languages The African languages, as well as Arabic, Swahili, English, French and Portuguese Formation - As OAU - As AU - May 25, 1963 - July 9, 2002 Chairman of the African Union Denis Sassou-Nguesso Chairman... Membership 6 member states 4 observer states Headquarters Secretariat RATS - Beijing - Tashkent Working languages Chinese, Russian Secretary General Zhang Deguang Formation 14 June 2001 Official website http://www. ... A European Union Association Agreement (Association Agreement) is a treaty between the European Union (EU) and a non-EU country that creates a framework for co-operation between them. ... Membership 6 member states 4 observer states Headquarters Secretariat RATS - Beijing - Tashkent Working languages Chinese, Russian Secretary General Zhang Deguang Formation 14 June 2001 Official website http://www. ... ASEAN Plus Three is a forum that function as a coordinator of cooperation between Association of Southeast Asian Nations with three East Asian nations; namely Japan, Peoples Republic of China and South Korea. ... ASEAN Plus Three is a forum that function as a coordinator of cooperation between Association of Southeast Asian Nations with three East Asian nations; namely Japan, Peoples Republic of China and South Korea. ... ASEAN Plus Three is a forum that function as a coordinator of cooperation between Association of Southeast Asian Nations with three East Asian nations; namely Japan, Peoples Republic of China and South Korea. ... Membership 6 member states 4 observer states Headquarters Secretariat RATS - Beijing - Tashkent Working languages Chinese, Russian Secretary General Zhang Deguang Formation 14 June 2001 Official website http://www. ... The Republic of China (Traditional Chinese: 中華民國; Simplified Chinese: 中华民国; Wade-Giles: Chung-hua Min-kuo, Tongyong Pinyin: JhongHuá MínGuó, Hanyu Pinyin: Zhōnghuá Mínguó) is a state that currently administers the island groups of Taiwan, the Pescadores, Quemoy, and the Matsu. ... Wikipedia does not yet have an article with this exact name. ... The Australia-United States Free Trade Agreement (FTA) is a preferential trade agreement between Australia and the United States of America modelled on the North America Free Trade Agreement (NAFTA). ...

Comparison between regional blocs

Activities
Regional bloc Free Trade Area Customs Union Economic and monetary union Free Travel Political pact Defence pact Other
Single Market Currency Union Visa-free Border-less
EU in force 2 in force in force in force 1 in force in force
(Schengen 1 and CTA 1)
in force in force
(NATO 1 and CFSP/ESDP 1)
ESA 1
CARICOM in force in force in force 1 in force 1 and
proposed common
in force 1  ? proposed
ECOWAS in force 1, 3 in force 1  ? in force 1 and
proposed for 2009 1 and
proposed common
in force 1 proposed proposed in force
CEMAC in force in force proposed in force proposed  ? in force
EurAsEC proposed proposed proposed in force [1] in force 1
EAC in force in force proposed for 2009 proposed  ? proposed for 2010
CSN MERCOSUR in force in force  ? in force
CAN in force in force 1  ? in force
Common proposed for 2014 4 proposed for not after 2019 proposed for 2019 proposed for 2019 proposed for 2019  ? proposed for 2019
GCC in force in force proposed for 2007 proposed for 2010
SACU in force in force proposed for 2012 de-facto in force 1 and proposed common for 2016 proposed [2]
COMESA in force 1 proposed for 2008  ? proposed for 2025
NAFTA in force
ASEAN in force 5  ? proposed  ? proposed for 2020
SAARC in force 6
Agadir in force
CACM proposed proposed
PARTA
AEC
(for reference)
proposed for 2019 proposed for 2019 proposed for 2023 proposed for 2028 proposed for 2028

1 not all members participating yet
2 involving goods, services, telecommunications, transport (full liberalisation of railways from 2012), energy (full liberalisation from 2007)
3 telecommunications, transport and energy - proposed
4 sensitive goods to be covered from 2019
5 least developed members to join from 2012
6 least developed members to join from 2017
A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ... A customs union is a free trade area with a Common External Tariff. ... This article covers the general information on the topic. ... Travel is the transport of people on a trip or journey. ... Politics is a process by which decisions are made within groups. ... Collective defense is an arrangement, usually formalized by a treaty and an organization, among participant states that commit support in defense of a member state if it is attacked by another state outside the organization. ... A single market is a customs union with common policies on product regulation, and freedom of movement of all the four factors of production (goods, services, capital and labour). ... In economics, a monetary union is a situation where several countries have agreed to share a single currency among them, for example, the East Caribbean Dollar. ... An entry visa valid in all Schengen treaty countries Visas for Laos, Thailand, and Sri Lanka A visa (short for the Latin carta visa, lit. ... Border control is a term that describes how a country polices its borders. ... In economics, a monetary union is a situation where several countries have agreed to share a single currency among them. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ... Schengen Treaty members are in dark blue, while signatories (where it is not yet implemented) are in light blue. ... The Common Travel Area or, informally the passport free zone, refers to the fact that citizens of the Republic of Ireland, the United Kingdom and Crown Dependencies (the Isle of Man and the Bailiwicks of Guernsey and Jersey) may travel between their countries without a passport. ... NATO 2002 Summit in Prague The North Atlantic Treaty Organisation (NATO), also called the North Atlantic Alliance, the Atlantic Alliance or the Western Alliance, is an international organisation for collective security established in 1949, in support of the North Atlantic Treaty signed in Washington, DC, on 4 April 1949. ... The Common Foreign and Security Policy or CFSP, german Gemeinsame Außen- und Sicherheitspolitik (GASP), was established as the second of the three pillars of the European Union in the Maastricht treaty of 1992, and further defined and broadened in the Amsterdam Treaty of 1997. ... The European Security and Defence Policy or ESDP is a major element of the Common Foreign and Security Policy pillar of the European Union (EU). ... The European Space Agency (ESA), established in 1975, is an inter-governmental organisation dedicated to the exploration of space, currently with 17 member states. ... The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas [1] which came into effect on August 1, 1973. ... The East Caribbean dollar (currency code XCD) is the currency of eight members of the Organisation of Eastern Caribbean States. ... The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded on May 28, 1975 when fifteen West African countries signed the Treaty of Lagos. ... States of UEMOA The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization of states of West Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... States of UEMOA The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization of states of West Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... States of UEMOA The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization of states of West Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... States of WAMZ Light green: interested in joining The Eco is the proposed name for the common currency the West African Monetary Zone plans to introduce by 2009 in the framework of ECOWAS. See Also West African Economic and Monetary Union (UEMOA) Economic and Monetary Community of Central Africa (CEMAC... ECOMOG is a West African multilateral armed force established by the Economic Community of West African States (ECOWAS). ... States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ... The Economic Community of Central African States (ECCAS), in French Communauté Économique des États dAfrique Centrale (CEEAC), is a organisation for promotion of regional economic co-operation in Central Africa. ... Flag of EurAsEC The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. ... The Commonwealth of Independent States (CIS) (in Russian: Содружество Независимых Государств (СНГ) - Sodruzhestvo Nezavisimykh Gosudarstv) is a confederation or alliance consisting of 12 former Soviet Republics: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. ... EAC The three states that make up the East African Community The East African Community (EAC) is a customs union in East Africa, consisting of Kenya, Uganda and Tanzania. ... The East African Shilling is the proposed name for the common currency the East African Community plans to introduce by 2009. ... The South American Community of Nations (CSN) (Spanish: Comunidad Sudamericana de Naciones, Portuguese: Comunidade Sul-Americana de Nações, Dutch: Zuid-Amerikaanse Statengemeenschap) will be a continent-wide free trade zone that will unite two existing free-trade organizations—Mercosur and the Andean Community—eliminating tariffs for non-sensitive products... Mercosur or Mercosul (Spanish: Mercado Común del Sur, Portuguese: Mercado Comum do Sul, English: Southern Common Market) is a customs union between Brazil, Argentina, Uruguay, Paraguay and Venezuela, founded in 1991 by the Treaty of Asunción, which was later amended and updated by the 1994 Treaty of Ouro... States of CAN The Andean Community of Nations (in Spanish: Comunidad Andina de Naciones, abbreviated CAN) is a trade bloc comprising the South American countries of Bolivia, Colombia, Ecuador, Peru and Venezuela. ... The South American Community of Nations (CSN) (Spanish: Comunidad Sudamericana de Naciones, Portuguese: Comunidade Sul-Americana de Nações, Dutch: Zuid-Amerikaanse Statengemeenschap) will be a continent-wide free trade zone that will unite two existing free-trade organizations—Mercosur and the Andean Community—eliminating tariffs for non-sensitive products... ... States of SACU // Origins The Southern African Customs Union (SACU) came into existence on December 11, 1969 with the signature of the Customs Union Agreement between South Africa, Botswana, Lesotho, Namibia and Swaziland. ... Allied to the Southern African Customs Union (SACU) is the Common Monetary Area (CMA) which links South Africa, Lesotho and Swaziland into a Currency union. ... The Common Market for Eastern and Southern Africa, is a free trade area with twenty one member states stretching from Egypt to Namibia. ... The North American Free Trade Agreement, known usually as NAFTA, links Canada, the United States, and Mexico in a free trade sphere. ... The Association of Southeast Asian Nations (ASEAN) is a political and economic organization of countries located in Southeast Asia. ... ASEAN Free Trade Area When the AFTA agreement was originally signed, ASEAN had six members, namely, Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand. ... Membership 8 member states 4 observers Secretariat Headquarters Kathmandu Established December 8, 1985 Secretary General Chenkyab Dorji Official website http://www. ... The South Asia Free Trade Agreement is an agreement reached at the 12th South Asian Association for Regional Cooperation (SAARC) summit at Islamabad, capital of Pakistan on 6 January 2004. ... The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ... The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ... The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ...  members of AEC pillar blocs  states signatories to the AEC Treaty, but not participating in any of the pillars The member states of the African Union are mounting efforts to collaborate economically, but they are impeded by the civil wars raging in several parts of Africa. ... Good (accounting) - Wikipedia /**/ @import /skins-1. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... The category of least developed countries is a social/economic classification status applied to 51 countries around the world by political scientists and economists through the United Nations. ... The category of least developed countries is a social/economic classification status applied to 51 countries around the world by political scientists and economists through the United Nations. ...


See also

This is a list of trade-related international organisations only. ... This is list of Free Trade Agreements and Free Trade Areas between one or more countries and/or trade blocs. ... Globalization (or globalisation[1]), is an umbrella term for a complex series of economic, social, technological, and political changes seen as increasing interdependence and interaction between people and companies in disparate locations. ... Anti-WEF grafiti in Lausanne. ... WTO Logo The World Trade Organization (WTO) is an international, multilateral organization, which sets the rules for the global trading system and resolves disputes between its member states, all of whom are signatories to its approximately 30 agreements. ... International trade - an overview Absolute advantage Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs) APEC Autarky Balance of trade barter Bilateral Investment Treaty (BIT) Bimetallism branch plant Bretton Woods Conference Bretton Woods system British timber trade Cash crop Comparative advantage Continental trading bloc Cost, insurance and freight Currency... For the political science journal, see: International Organization An international organization (also called intergovernmental organization) is an organization of international scope or character. ... This article needs to be updated. ... The economy of Africa comprises approximately 887 million people as of July 2005 living in 54 different states. ... This article is in need of attention. ... The economy of Europe is comprised of more than 665 million people in 48 different states. ... This article is a blank template based on the Economy of Europe article, therefore many headings and dates etc. ... The economy of Oceania is comprised of more than. ... The economy of South America comprises more than 360 million people living in 14 states and territories. ...

References

  • Info about GCC
  • Info about EurAsEC
  • Info about CEMAC
  • Americas blocs

  Results from FactBites:
 
Jamaica Gleaner News - CARICOM - newest trade bloc on January 23 - Thursday | December 29, 2005 (734 words)
These trade blocs enjoy special and differential treatment within their boundaries, in addition to the removal of trade barriers within the bloc and they also have a common trade tariff for third countries.
A regional trade bloc provides a protective hedge from the winds of globalisation, acting as a trade union protecting its member countries.
As the gradual removal of traditional preferential trading arrangements with the United Kingdom (UK) and the European Community (EU) under the current World Trade Organisation (WTO) regime indicates, the CSME is even now more than ever, a vital organ for the survival of the Caribbean market.
Chapter 11 (2374 words)
If forming or joining the trade bloc results in shifting the source of imports into the country from low-priced suppliers from countries outside the trade bloc to higher-priced partner suppliers, the country and the world lose as trade is diverted from low-cost to higher-cost producers.
Trade blocs are exemplified mainly by free trade areas and custom unions.
Trade embargoes are usually imposed by large countries that are important in the trade of the target country.
  More results at FactBites »

 
 

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