Seeks consensus and avoids public criticism of member nations. 'ASEAN way incorporates a culture specific approach to conflict resolution.
EU TRADE BLOCS FREE
ASEAN pledged to remain nuclear weapons free in 1995.Political globalisation: ASEAN aims to co-ordinate response to regional political issues.Agreed to create a single market by 2015, however this was not achieved.It's working towards the elimination of tariffs sector by sector. A uniform low tariff is applied between members for specified goods.A free trade area with 10 members with a population of 625 million.The original political aim was to integrate economies, so that interdependence prevents war.ĪSEAN (The Association of South East Asian Nations).Political globalisation with the European Parliament and some foreign policy determined at EU level.The founding Treaty of Rome in 1957 committed members to work towards an 'ever closer union'.Common Agricultural Policy, Structural Funds to assist regions within member countries with a GDP per capita of less than 75% the EU average. Integrated economic policy areas, e.g.Uniform product labour and environment regulations.A single currency, the euro, has been adopted by 19 members.The Schengen area countries (26) have removed barrier controls.It guarantees the free movement of goods, capital and people.A single market trade bloc composed of 28 members and a population of 512 million.Firms producing a country's specialisation become TNCs as they sell outputs through the bloc.can produce at the lowest cost) and trade these products for other members' specialisms. Countries specialise in goods being produced which have a comparative advantage (e.g.Trade blocs lead to globalisation through: A free trade bloc is an agreement between a group of countries to remove all barriers to trade, e.g.The EU also works with the World Trade Organization (WTO) to help set global trade rules and remove obstacles to trade between WTO members. Exporting from the EU and importing into the EU.
EU TRADE BLOCS HOW TO
At the same time, the EU supports foreign companies with practical information on how to access the EU market. The EU supports and defends EU industry and business by working to remove trade barriers so that European exporters gain fair conditions and access to other markets. The EU also gets input from the public, businesses, and non-government bodies when negotiating trade agreements or rules. EU companies can grow their business, and can also more easily import the raw materials they use to make their products.Įach agreement is unique and can include tariff reductions, rules on matters such as intellectual property or sustainable development, or clauses on human rights. These agreements grant mutually-beneficial access to the markets of both the EU and the countries concerned. The EU actively engages with countries or regional groupings to negotiate trade agreements. Speaking as one voice, the EU carries more weight in international trade negotiations than each individual member would.
The EU is responsible for the trade policy of the member countries and negotiates agreements for them. Free trade among its members was one of the EU's founding principles, and it is committed to opening up world trade as well.įrom 1999 to 2010, EU foreign trade doubled and now accounts for over 30% of the EU’s gross domestic product (GDP). It is also the world’s largest single market area. The European Union is one of the most outward-oriented economies in the world.
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