finals Flashcards
allows for free movements of factors of production including labor, capital, and information.
common market
august 12 1992
representatives from US, Canada, and Mexico negotiated for NAFTA
formed in 1969 to accelerate development of member states Bolivia, Columbia, Ecuador, Peru, and Venezuela through economic and social integration
andean community
andean community members
bolivia, columbia, ecuador, peru and venezuela
March 1991, the government of Argentina, Brazil, Paraguay, and Uruguay signed the Asuncion Treaty to form
mercosur
mercosur members
argentina, brazil, paraguay and uruguay
Established in 1967 as an organization for economic, political, social, and cultural cooperation among its members
asean(association of southeast asian nations)
Formed by the US by signing of the Bangkok Declaration
asean
asean members
brunei, indonesia, malaysia, philippines, singapore, thailand
Formed through the 1958 Treaty of Rome
eu(european union)
eu members
belgium, france, holland, italy, luxembourg and west germany
middle east members
bahrain, iraq, iran, kuwait, oman, qatar, uae and kingdom of saudi arabia
Established in Riyadh in May 1981 by Bahrain, Kuwait, Oman, Saudi Arabia, Qatar, and the UAE
Gulf Cooperation Council(GCC)
Established trough the Treaty of Lagos in May 1975
economic cooperation of west african states(ecowas)
Ultimate goal is a fully developed customs union; however, real progress toward integration has been slow.
sadc(south african development community)
An intergovernmental organization of oil-exporting developing nations that coordinated and unifies the petroleum policies of its member countries.
organization of the petroleum exporting countries(opec)
seeks to ensure the stabilization of oil prices in the international oil markets, with a view of eliminating harmful and unnecessary fluctuations, due regard being given at all times to the interests of oil-producing nations and to the necessity of securing a steady income for them.
opec
Founded September 14, 1960
opec
