Trading blocs and organisations Flashcards
(16 cards)
APEC (Asia-Pacific Economic Cooperation)
AUS, TH, CAN, JAP, VIET (21)
biggest
rules trade and investment in the pacific basin
ARABLEAGUE
EGY, IRAQ, BAH, DSCH, (21)
cooperation in economic and military matter
ASEAN (Association of South-East-Asian Nations)
INDO, MALA, PHI (10)
promotes political and economic cooperation among non-communist countries
AU (African Union)
53 African members
promotes unity and solidarity of African countries
CAN (Andean Community of Nations)
South America (4)
promotes development through integration
CIS (Commonwealth of Independent States)
12 members
coordinate intercommon wealth relations, not important anymore
Council of Europe
all of Europe except Kosovo and Belarus
protects democracy and human rights
EU
27 states
single market, customs union and monetary union
G20
20 all over
promotes open discussion between industrial and emerging markets
IMF (International Monetary Fund)
All UN except a few
promotes world monetary stability and economic development
Mercosur (Mercado Común del Sur)
South America (5 )
similar to EU–>customs Union
NAFTA (Northamerican Free-Trade-Agreement)
3 States
eliminates trade barriers and promotes cooperation
OECD (Organisation for Economic Cooperation and Development)
30 all over
promotes economic cooperation and development
OPEC (Organization of the Petrolium Exporting Countries)
12
stabilizes the global oil market, ensures fair prices
NATO
46 Europe, USA + 8 central Asia
maintains peace, human rights, rule of law
SAARC (South Asian Association for Regional Cooperation)
8
economic, social and cultural cooperation, goal is customs union
