Successful Economic Union Requirements

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Multinational Market Regions and Market Groups
Chapter
10
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Successful Economic Union Requirements
? Economic Compatibility ? Political Compatibilit
y ? Geographic Proximity ? Cultural Compatibilit
y Weakness in some must be balanced by strengths
in others
10-2
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Patterns of Multinational Cooperation
? Free Trade Area ? Customs Union ? Common Marke
t
? Political Union
10-3
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Treaty of Amsterdam - Objectives
? To place employment and citizens rights at the
heart of the Union. ? To sweep away the last r
emaining obstacles to freedom of movement and
to strengthen security. ? To give Europe a strong
er voice in world affairs. ? To make the Unions
institutional structure more efficient with a
view to enlarging the Union.
10-8
For the most current information, visit
www.europa.eu.int.
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Commonwealth of Independent States
ARCTIC OCEAN
BELARUS
MOLDOVA
10-10
UKRAINE
RUSSIAN REPUBLIC
GEORGIA
ARMENIA
AZERBAIJAN
KAZAKHSTAN
UZBEKISTAN
TURKMENISTAN
KYRGYZSTAN
TAJIKISTAN
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Central European Free-Trade Area (CEFTA)
? Poland ? Hungary ? Slovakia ? Czech R
epublic
? Slovenia ? Romania
10-11
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North American Free-Trade Area (NAFTA)
Canada
10-12
United States
Mexico
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North American Free-Trade Area Provisions
? Market Access ? Non Tariff Barriers
? Rules of Origin ? Customs Administr
ation ? Investment ? Services
? Intellectual Property ? Standards ? Gov
ernment Procurement
10-13
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Southern Cone Free Trade Area (Mercosur)
? Argentina ? Bolivia ? Brazil
? Chile ? Paraguay ? Uruguay


10-15
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Andean Common Market (ANCOM)
Bolivia
Columbia
10-17
Ecuador
Peru
Venezuela
Panama (Assoc.)
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Caribbean Community and Common Market (CARICOM)
? Antigua ? Montserrat ? Barbuda ? St. Ki
tts-Nevis ? Belize ? Anguilla ? Dominica
? St. Lucia ? Grenada ? St. Vincent ? Gu
yana ? Trinidad-Tobago ? Jamaica
10-18
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Central America Common Market (CACM)
Guatemala
10-19
Costa Rica
Nicaragua
Honduras
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The Future
NAFTA SAFTA ??? FTAA ???
10-20
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Association of Southeast Asian Nations (ASEAN)
? Brunei ? Philippines ? Indonesia
? Singapore ? Laos ? Thailand ?
Malaysia ? Vietnam
? Myanmar
10-21
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ASEAN 3
Brunei Singapore
Indonesia Thailand Laos
Vietnam Malaysia
? China Myanmar ? Japan
Philippines ? South Korea
10-22
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Economic Community of West African States (ECOWAS)
? Benin ? Liberia ? Burkina Faso ? Mali ?
Cote d Ivoire ? Mauritania
? Gambia ? Niger ? Ghana ? Nigeria ? G
uinea ? Guinea-Bissau
10-24
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Southern African Development Community (SADC)
? Angola ? South Africa ? Botswana ? Swaz
iland ? Lesotho ? Tanzania ? Namibia ?
Zambia ? Malawi ? Zimbabwe ? Mauritius ?
Mozambique
10-25
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Arab Common Market
Iraq
Kuwait
10-32
Jordan
Syria
Egypt
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Economic Cooperation Organization (ECO)
Pakistan
Iran
10-33
Turkey
Azerbaijan
Turkmenistan
Uzbekistan
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Future Multinational Trade Groups
? United States/Japan ? Hong Kong/Taiwan/China ?
Asia-Pacific Rim Countries ? Hong Kong/Taiwan/Co
astal Provinces of Southern China
? Western Hemisphere Free Trade Area
? Transatlantic Free Trade Area
(United States and European Union)
10-34
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