regional blocs class

8/16/2019 Regional Blocs Class

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REGIONAL

TRADING BLOCKS


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Regional Trade Blocks

• Regional trade blocs are

intergovernmental associations that

manage and promote trade activities for

specific regions of the world.


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REGIONAL TRADING BLOCKS

• Association of nations at a governmental levelto promote trade it!in t!e "loc# and defend itsmem"ers against glo"al competition$

• Defense against glo"al competition is o"tainedt!ro%g! esta"lis!ed tariffs on goods prod%ced

"& mem"er states' import (%otas' governments%"sidies' !eav& "%rea%cratic import processes'and tec!nical and ot!er non)tariff "arriers$


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* +A,OR

REGIONAL TRADING BLOCKS

-$ E. /E.RO0EAN .NION1

2$ ASEAN /Association of So%t!east Asian Nations1

3$ +ERCOS.R /+ercado Com%n del Cono S%l )So%t!ern Cone Common +ar#et1

*$ NA4TA /Nort! American 4ree Trade Agreement1


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ASEAN /Association of So%t!east Asian

Nations1


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• Established on A%g%st 5' -678' in Bang#o#$

• Member States: Br%nei Dar%ssalam' Cam"odia'Indonesia' Laos' +ala&sia' +&anmar' 0!ilippines'Singapore' T!ailand' and 9ietnam$

• Goals: – Accelerate economic grot!' social progress and

c%lt%ral development in t!e region

– 0romote regional peace and sta"ilit& and ad!ere to.nited Nations C!arter$


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Important Indicators:

• 0op%lation appro:imatel& ;5* million<

• GD0 .S=-$;>7 trillion<

•

Total Trade .S=-$8-> trillion /2>>51$


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EU (EUROPEA U!O"


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• 4o%nded in -6;- "& si: neig!"oring states as t!e E%ropeanCoal and Steel Comm%nit& /ECSC1$

• Evolved into t!e E%ropean Economic Comm%nit&' t!en t!eE%ropean Comm%nit& and' in -662' as finall& transformedinto t!e E%ropean .nion$

•

Regional "loc# it! t!e largest n%m"er of mem"ers states28$

T!ese incl%de A%stria' Belgi%m' B%lgaria' C&pr%s' C?ec!Rep%"lic' Denmar#' Estonia' 4inland' 4rance' German&'

Greece' @%ngar&' Ireland' Ital&' Latvia' Lit!%ania'L%:em"o%rg' +alta' 0oland' 0ort%gal' Romania' Slova#ia'Slovenia' Spain' Seden' T!e Net!erlands' and t!e .nitedKingdom$


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• 0op%lation estimated at *66$8 million in

,an%ar& 2>>6$

•

GD0 /0001 estimated at .S=-;$2*8 trillion$


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E#ropean Union

Ob$ectives%&

• 'etting #p a common market• ontin#o#s ) balanced e*pansion

• loser relations between the member

states.


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AT!+!T!E' O, EU

• Elimination of c#stom d#ties- #antitative

restrictions with regard to e*port ) imports.

• Establishment of a common c#stom tariff )commercial polic/.

• Abolition of all obstacles for movement of

persons- services ) capital.• Application of programs in order to coordinate

the economic policies.


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+ERCOS.R /+ercado Com%n del Cono

S%l ) So%t!ern Cone Common +ar#et1


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• Esta"lis!ed on 27 +arc! -66-$

• +em"ers incl%de Argentina' Bra?il' 0arag%a&' .r%g%a&'

and 9ene?%ela$

• Associate mem"ers incl%de Bolivia' C!ile' Colom"ia'Ec%ador' and 0er%$

• GoalsIntegration of mem"er states for acceleration of s%stainedeconomic development "ased on social %stice'

environmental protection' and com"ating povert&$

• 0op%lation +ore t!an 283 million people

•GD0 /0001 of more t!an .S=2$88* trillion


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NA4TA /Nort! American 4ree Trade

Agreement1


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• Agreement signed on - ,an%ar& -66*$

• +em"ers Canada' +e:ico' and t!e .nited States ofAmerica$

• Goals Eliminate trade "arriers among mem"er states' promote conditions for free trade' increase investmentopport%nities' and protect intellect%al propert& rig!ts$

• 0op%lation of over **; million$

• GD0 /0001 .S=-7$2 trillion /NaftaNo 2>>8 est$1


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Provisions of A,TA

• 0#t/&free market access.

• Trade r#les& safeg#ard- s#bsidies-

co#ntervailing ) antid#mping d#ties-health ) safet/ standards.

• R#les on trade in services ) investment

• Protection of intellect#al propert/.

• 0isp#te settlement mechanism.


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Ot!er regional trade "loc#s' regional economic

partners!ips and free trade associationsANDEAN (Andean Community Countries) Bolivia' Colom"ia'

Ec%ador' and 0er%$

Associate +em"ers Argentina' Bra?il' C!ile' 0arag%a&' and .r%g%a&$

O"server Co%ntries +e:ico and 0anama$

BSEC (r!ani"ation o# the Blac$ Sea Economic Cooperation)

Al"ania' Armenia' A?er"aian' B%lgaria' Georgia' @ellenic Rep%"lic'

+oldova' Romania' R%ssian 4ederation' Ser"ia' T%r#e&' and .#raine$

CA%ICM (Caribbean Community) Antig%a Bar"%da' T!eBa!amas' Bar"ados' Beli?e' Dominica' Grenada' G%&ana' @aiti' ,amaica'

+ontserrat' Saint Kitts Nevis' Saint L%cia' Saint 9incent T!e

Grenadines' S%rinam' and Trinidad To"ago$


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GCC (Gul# Cooperation Council) Ba!rain' K%ait'

Oman' Fatar' Sa%di Ara"ia' and t!e .nited Ara"Emirates /.AE1

MEA (Middle East ree rade Area)

Co%ntries !ic! !ave signed 4ree Trade Agreements/4TAs1' Trade and Investment 4rameor# Agreements/TI4As1' or receive active .$S$ s%pport for TOaccession incl%de Algeria' Ba!rain' Eg&pt' Ira(' Israel',ordan' K%ait' Le"anon' +orocco' Oman' Fatar'

Sa%di Ara"ia' T%nisia' .nited Ara" Emirates' andHemen$


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SAA%C (South Asian Association #or %e!ionalCooperation)

Afg!anistan' Banglades!' B!%tan' India'+aldives' Nepal' 0a#istan' and Sri Lan#a$

SADC (Southern A#rica De*elopmentCommunity)Angola' Botsana' Democratic Rep%"lic ofCongo' Lesot!o' +adagascar' +alai' +a%riti%s'+o?am"i(%e' Nami"ia' Se&c!elles' So%t! Africa'Sa?iland' Tan?ania' am"ia' and im"a"e$

EA (European ree rade Association) Iceland' Liec!tenstein' Nora&' and Sit?erland$


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regional blocs class

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