Regional Economic Game Plans : The European Union ( Eu ) And Its Comparison With Asean

. (TCO 4) What are the connections between GATT and the WTO? Explain the role of the WTO.

The World Trade Organization, or WTO, was established to grow the global economy and assure its success and safety. The WTO derived from the General Agreement of Tariffs and Trades, or the GATT. The GATT was established in 1948 in order to restore the destroyed global economy after the war. The world needed a united organization

The General Agreement on Tariffs and Trade (GATT) is a set of trade agreements. It was created in hopes for the abolition of quotas and the reduction of tariff duties among it's member nations. GATT’s most important principle was to trade without discrimination. GATT was succeeded by the World Trade Organization in 1995, formally going out of existence on April15,f 1994.

The agenda of issues shaping Canada-U.S. talks encompasses most of the questions to be debated within the multilateral framework. Since negotiations of GATT in the late 1980s will be more complex and protracted than in previous negotiations, it is believed that a Canadian U.S. agreement could provide momentum for the consensus-building process that must underlie any multilateral agreement; yet, there is always the danger that a bilateral arrangement will be accompanied by provisions for exclusions and trade management in sensitive sectors that could weaken GATT and undermine its decision-making process. The challenge facing Canada and the U.S. is one of bridging the gap between the bilateral and mutilateral objectives in an attempt to outline the foundations of' a framework for multilateral trade liberalization. There is no doubt

The World Trade Organization was developed in 1995 out of what was known as the Uruguay Round. Although GATT set rules they mostly dealt with issues just involving simple trade of goods and the distribution of tariffs. The WTO has a broader job than the GATT; “…it oversees multilateral agreements relating not just to good, but also to services, investment and intellectual property.” (Douglas Irwin, 186) The World Trade Organization is an independent organization and decisions are made out of consensus of the member countries involved, not from the World Trade Organization itself. When a country complains about another country and the way they run things that could affect their home country, the WTO must make a decision on what must be done. Once a ruling has been made the losing country must implement one of three strategies:

The World Trade Organization (WTO) is a plurilateral body of 159 countries dedicated to the liberalization of world trade. Countries that ascend to the WTO agree to provisions that all other members have already agreed to, including like the reduction of tariffs, non-discrimination, transparency, and reciprocity. Consensus is difficult between 159 countries, and so agreements can be hard to reach. This consensus has been especially difficult during the Doha round. Opened in 2001, talks have been stalled over disagreements between countries, chiefly over intellectual property protections. Without an agreement, the WTO is forced into a stagnant role until the negotiations are completed.

What really is Regional Integration? From when I first heard the term I immediately thought of countries integrating or joining together to achieve some goal. Well, according to EU Learning, Regional Integration is the process by which two or more nation-states agree to co-operate and work closely together to achieve peace, stability and wealth. In other words, regional integration is the joining of individual states within a region into a larger whole. The degree of integration depends upon the willingness and commitment of independent sovereign states to share their sovereignty. It would have as its objective political or economic goals or

Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across

Economic cooperation by various countries is a necessity as opposed to a choice in this globalized world. Many economic partnerships are regional, and all regions on the planet have their own. Examples include the European Union, the Economic Community of West African States, the North American Free Trade Agreement and the Association of Southeast Asian Nations. There are others that are not regionally based an example being the agreement established by the African Growth and Opportunity Act, which ties the United States and several African governments. The United Kingdom is not immune to these cooperative measures. This paper shall look at the structure.

Regionalization (Whiting,1996) in economic terms illustrates and encompasses the way the communities within a region, like governments, the people of the state, and regional associations, pool their material and non-material resources to build up associations for better economic functionalities. The

     On January 1, 1995, the WTO replaced GATT, which had been in existence since 1947, as the organization controlling the main trading system. The governments that had signed GATT were then called GATT contracting parties. When signing the new WTO agreements that had the updated GATT, which was called GATT 1994. These countries then

Regionalism has become one of the buzz words in international trade diplomacy nowadays. There is almost no country in the world which does not have membership in one or two regional economic integrations, and the coverage and scope of these arrangements have grown more than ever before. Different authors have used different approaches to define the concept of regional integration. Therefore, it is important to discuss the definitions of economic integration according to the most prominent authors in the field of regional integration before taking on the theoretical and empirical literatures of the concept.

Many attempts describe what is meant by the phrase “Single Market and Production Base.” This paper agrees a single production base and market allows businesses to tap into products and services complementary in the region. The need is to

Crucially, with the opinion of Zhenis Kembayev in his book Legal Aspects of the Regional Integration Processes in the Post-Soviet Area book. The ultimate object of regional economic integration is two or more states would like to blend their economy system into one especially in goods, services, person and capital calculate openly and when they have greater economic policies they will decided in common. Crucially, the economic integration is use three important points to attain this object. First, economic integration need the destruction the barrier hat intercepts the free movement between the integrating states for generate productions such as good, materials, services, person and capital. Secondly, it involves policy harmonization, which have various levels of intensity: starting from the cooperation of national policies, until replacing national policies with a common policy.

A roadmap for the ASEAN Economic Community (AEC) based on the EU model: Potential scenarios for Vietnam after the AEC’s establishment.