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International Trade Series
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| International trade |
| History of international trade |
| Political views |
| Fair trade |
| Free trade |
| Protectionism
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| Economic integration |
| Preferential trading area |
| Free trade area |
| Customs union |
| Common market |
| Economic and monetary union |
| Other |
| Trade pact |
| Trade bloc |
| Trade creation |
| Trade diversion |
A customs union is a free trade area with a common external tariff. International trade is exchange of Capital, Goods, and Services across International borders or Territories. The history of international trade chronicles notable events that have affected the Trade between various countries Fair trade is an organized Social movement and market-based approach to empowering developing country producers and promoting sustainability Free trade is a system in which the trade of goods and services between or within countries flows unhindered by government-imposed restrictions For the protectionist Australian political party from the 1880s to 1909 see Protectionist Party Economic integration is a term used to describe how different aspects between economies are integrated A Preferential Trade Area is a Trading bloc which gives preferential access to certain products from the participating countries See also List of free trade agreements This is article is on free international trade An economic and monetary union is a Single market with a common currency A trade pact is a wide ranging Tax tariff and trade pact that often includes Investment guarantees A trade bloc is a large Free trade area formed by one or more Tax tariff and trade agreements 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 from a more efficient exporter towards a less efficient See also List of free trade agreements This is article is on free international trade When a group of countries form a Customs union they must introduce a common external Tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas. International trade is exchange of Capital, Goods, and Services across International borders or Territories. A policy is a deliberate plan of action to guide decisions and achieve rational outcome(s An import quota is a type of protectionist Trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period Common competition policy is also helpful to avoid competition deficiency. Competition is a rivalry between individuals groups nations or animals for territory or resources
Purposes for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. Economic efficiency is used to refer to a number of related concepts
It is the third stage of economic integration. Economic integration is a term used to describe how different aspects between economies are integrated
Customs union is established through trade pact. A trade pact is a wide ranging Tax tariff and trade pact that often includes Investment guarantees
Contents |
List of Customs Unions
Every Common market and Economic and monetary union has also a Customs Union
- Southern African Customs Union
- East African Community
- Gulf Cooperation Council
- MERCOSUR
- Central American Customs Union
- EU customs zone
- EU - Turkey Customs Union (since 1996)
- EU - Andorra Customs Union
- EU - San Marino Customs Union
- Economic and Monetary Community of Central Africa (CEMAC)
- West African Economic and Monetary Union (UEMOA)
- Andean Community (CAN)
- Israel - Palestinian territories (since 1994)
- Switzerland - Liechtenstein (since 1924)
Proposed
- Customs Union of the Economic Community of West African States (ECOWAS) due in 2007
- Customs Union of the Common Market for Eastern and Southern Africa (COMESA), due in 2008
- Customs Union of the Southern African Development Community (SADC), due in 2010
- Customs Union of the Economic Community of Central African States (ECCAS), due in 2011 ?
- Customs Union of the African Economic Community (AEC), due in 2019
- Eurasian Economic Community (EurAsEC)
- Customs Union of the Organization for Democracy and Economic Development (GUAM) [1]
- Customs Union of the North American Free Trade Area (NAFTA)
- Customs Union of the Closer Economic Relations (FTA between Australia and New Zealand)
Defunct
- Customs and Economic Union of Central Africa (UDEAC) - superseded by CEMAC
- Customs Union of the Commonwealth of Independent States (CIS) - proposed successor is EurAsEC
- 1925 French Customs Union over occupied Saarland
- The former Zollverein
See also
- The McGill Faculty of Law runs a Regional Trade Agreements Database that contains the text of almost all preferential and regional trade agreements in the world. An economic and monetary union is a Single market with a common currency Southern African Customs Union ( SACU) is a Customs union among five countries of Southern Africa. The East African Community ( EAC) is an intergovernmental organisation comprising five east African countries The Cooperation Council for the Arab States of the Gulf ( CCASG; مجلس التعاون لدول الخليج العربية also known as the Gulf Cooperation Council Role and potential Some South Americans see Mercosur as giving the capability to combine resources to balance the activities of other global economic powers especially the North The European Union Customs Union is a Customs union which consists of all European Union member states. On 31 December 1995 the customs union between Turkey and the European Union came into effect The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de l'Afrique Centrale The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization The Andean Community ( Spanish: Comunidad Andina, CAN) is a Trade bloc comprising the South American countries of For a topic outline on this subject see List of basic Israel topics. Name There are differences of opinion as to what the Palestinian territories should be called Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation The Principality of Liechtenstein (Fürstentum Liechtenstein) is a tiny doubly landlocked Alpine country in Western Europe, bordered by Switzerland Year 1924 ( MCMXXIV) was a Leap year starting on Tuesday (link will display the full calendar of the Gregorian calendar. The Economic Community of West African States ( ECOWAS) is a regional group of fifteen West African countries founded on May 28 The Common Market for Eastern and Southern Africa, is a Preferential trading area with nineteen member states stretching from Libya to Zimbabwe. The Southern African Development Community ( SADC) is an Inter-governmental organization. The Economic Community of Central African States ( ECCAS; French: Communauté Économique des États d'Afrique Centrale; Spanish: Comunidad The African Economic Community (abbreviated AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority The Eurasian Economic Community ( EurAsEC or EAEC or EEC) was put into motion on 10 October 2000 when Belarus, GUAM redirects here See Guam for the Pacific island territory Closer Economic Relations ( CER) is a Free trade agreement between the governments of New Zealand and Australia. The Customs and Economic Union of Central Africa (or UDEAC from its name in French, Union Douanière et Économique de l’Afrique Centrale) established The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de l'Afrique Centrale The Eurasian Economic Community ( EurAsEC or EAEC or EEC) was put into motion on 10 October 2000 when Belarus, Year 1925 ( MCMXXV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar. Saarland (ˈzaːɐ̯lant in German; French: Sarre) is one of the 16 federal states (German Bundesländer) of Germany. The Zollverein or German Customs Union was formed among the majority of the states of the German Confederation in 1834 during the Industrial Revolution ptas.mcgill.ca
References
- Michael T. This is a list of International trade topics. Absolute advantage Agreement on Trade-Related Aspects of Intellectual Property Rights Florinsky. 1934. The Saar Struggle. New York: The Macmillan Company.
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