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Regional Economic Integration?
Efforts to reduce trade and investment barriers within one region.
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European Union?
The official title of European economic integration since 1993.
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Global Economic Integration?
Efforts to reducetrade and investment barriers around the globe.
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General Agreement on Tariffs and Trade (GATT)?
A multilateral agreement governing the international trade of goods (merchandise).
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World Trade Organization?
The official title of the multilateral trading system and the organization underpinning this system since 2005.
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Multilateral Trading System?
The global system that giverns internation trade among countries- otherwise known as the GATT/ WTO system.
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Nondiscription?
A principle tha a country cannot discriminate among its trading partners (a concession made for one member of the GATT and WTO must be made for all).
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General Agreement on Trade in Services (GATS)?
A WTO agreement governing the international trade of services.
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Trade-Related Aspects of Intellectual Property Right?
A WTO agreement governing intellectual preoperty rights.
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The Doha Round?
A round of WTO negotaitions to reduce agricultural subsidies, slash tariffs, and strengthen intellectual property protection started in Doha, Qatar in 2001.
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Free Trade Area (FTA)?
A group countries that removes trade barriers among themselves.
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Custom Union?
One step beyond a free trade area, a customs union imposes common external policies on non-participating countries.
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Common Market?
Combining everything a customs union has, a common market, in addition, permits the free movement of goods and people.
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Economic Union?
Has all the features of a common market. Members also coordinate and harmonize economic policies to blend their economies into a single economic entity.
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Monetary Union?
A group of countries that use a common currency.
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Political Union?
The integration of political and economic affairs of a region.
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Schengen?
A passport-free travel zone within the EU.
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Euro?
The currency currently used in 12 EU countries.
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Euro Zone?
The 12 EU countries that currently use the euro as the official currency.
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North American Free Trade Agreement?
A free trade agreement among Canada, Mexico, and the United States.
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Andean Community?
A customs union in South America that was launched in 1969.
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Mercosur?
A customs union in South America that was launched in 1991.
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Free Trade Area of the Americas?
A proposed free trade area for the entire Western hemisphere.
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United States-Dominican Republic-Central America Free Trade Agreement?
A free trade agreement between the United State and the five Central American countries and Dominican Republican.
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Association of the Southeast Asian Nations?
The organization underpinning economic integration within Southeast Asia.
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Asia Pacific Economic Cooperation?
The official title for regional economic integration involving 21 member economies around the Pacific.
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