The document discusses different levels of economic integration between countries including free trade areas, customs unions, common markets, economic unions, and political unions. It provides examples of economic integrations in different regions: the European Union integrating most of Western Europe, NAFTA integrating Canada, Mexico, and the US, Mercosur integrating South American countries, ASEAN and APEC in Asia, and economic communities in Africa. The goals are generally to reduce barriers to trade and movement of goods, services, and factors of production to promote regional economic cooperation and growth.
egional economic integration
,
levels of economic integration
,
free trade area b) customs union c) common marke
,
the political case for regional integration
,
the economic case for regional integration
,
mercosur
,
regional economic integration in europe
,
evolution of the european union
,
impediments to integration
,
the case against regional integration
,
the andean community
,
classroom performance system
,
the north american free trade agreement
,
asia-pacific economic cooperation
,
regional economic integration elsewhere
,
regional trade blocs in africa
,
political structure of the european union
,
enlargement of the european union
,
the single european act
,
the establishment of the euro
,
central american common market and caricom
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
Regional economic integration in Africa traces back to 1910 with the formation of Southern African Customs Union (SACU) by the countries of Botswana, Lesotho, Namibia, Swaziland and South Africa. Other main economic arrangements include East African Community (EAC), Southern African Development Community (SADC), the Economic Community of Central African States (ECCAS), Economic Community of West African States (ECOWAS), the Common Market for Eastern and Southern Africa (COMESA), Arab Maghreb Union (AMU) etc. Also there is the planned African Economic Community, whose treaty was signed in 1991 (the Abuja Treaty) and it is expected by 2025. All these efforts are aimed at unifying Africa, but, there has been limited success due to the various problems which the region is facing including the internal civil wars.
Regional economic integration in Africa has not been so effective and it faces some challenges including overlapping memberships due to the multiplicity of its economic communities.
The similarity and smallness of the African countries together with the competition between each other in the global market for the same products are some of the reasons responsible for the past lack of success in the economic integration in the continent.
Several attempts of regional economic integration in Africa have been put into place over time, however they have been ineffective in promoting trade and attracting Foreign Direct Investment (FDI) in the continent.
Relatively high external trade barriers and low resource complementarity between Partner States limit internal and external regional trade.
Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of economic integration.
egional economic integration
,
levels of economic integration
,
free trade area b) customs union c) common marke
,
the political case for regional integration
,
the economic case for regional integration
,
mercosur
,
regional economic integration in europe
,
evolution of the european union
,
impediments to integration
,
the case against regional integration
,
the andean community
,
classroom performance system
,
the north american free trade agreement
,
asia-pacific economic cooperation
,
regional economic integration elsewhere
,
regional trade blocs in africa
,
political structure of the european union
,
enlargement of the european union
,
the single european act
,
the establishment of the euro
,
central american common market and caricom
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
Regional economic integration in Africa traces back to 1910 with the formation of Southern African Customs Union (SACU) by the countries of Botswana, Lesotho, Namibia, Swaziland and South Africa. Other main economic arrangements include East African Community (EAC), Southern African Development Community (SADC), the Economic Community of Central African States (ECCAS), Economic Community of West African States (ECOWAS), the Common Market for Eastern and Southern Africa (COMESA), Arab Maghreb Union (AMU) etc. Also there is the planned African Economic Community, whose treaty was signed in 1991 (the Abuja Treaty) and it is expected by 2025. All these efforts are aimed at unifying Africa, but, there has been limited success due to the various problems which the region is facing including the internal civil wars.
Regional economic integration in Africa has not been so effective and it faces some challenges including overlapping memberships due to the multiplicity of its economic communities.
The similarity and smallness of the African countries together with the competition between each other in the global market for the same products are some of the reasons responsible for the past lack of success in the economic integration in the continent.
Several attempts of regional economic integration in Africa have been put into place over time, however they have been ineffective in promoting trade and attracting Foreign Direct Investment (FDI) in the continent.
Relatively high external trade barriers and low resource complementarity between Partner States limit internal and external regional trade.
Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of economic integration.
7. Trade Laws, Bilateral and Multilateral Trade Agreements, World Trade Organ...Charu Rastogi
This presentation defines bilateral and multilateral trade laws, General Agreement on Trade and Tariffs (GATT), World Trade Organization – Different Rounds, Intellectual Property Rights (IPR), TRIPS, TRIMS, GATS, Ministerial Conferences and SAARC. The presentation closes with a case study on the India-US Basmati Rice dispute.
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
The aim of economic integration is to lessen costs for both consumers and producers, in addition to increase trade between the countries taking part in the agreement.
A primary economic objective of integration is to raise:
a) real output and income of the participants
&
b) rate of growth
by increasing specialization and competition by facilitating desirable structural (linkages) changes.
7. Trade Laws, Bilateral and Multilateral Trade Agreements, World Trade Organ...Charu Rastogi
This presentation defines bilateral and multilateral trade laws, General Agreement on Trade and Tariffs (GATT), World Trade Organization – Different Rounds, Intellectual Property Rights (IPR), TRIPS, TRIMS, GATS, Ministerial Conferences and SAARC. The presentation closes with a case study on the India-US Basmati Rice dispute.
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
The aim of economic integration is to lessen costs for both consumers and producers, in addition to increase trade between the countries taking part in the agreement.
A primary economic objective of integration is to raise:
a) real output and income of the participants
&
b) rate of growth
by increasing specialization and competition by facilitating desirable structural (linkages) changes.
Features of Research
It means the discovery of new knowledge
Is essentially an investigation
Is related with the solution of a problem
It is based on observation or experimental evidences.
It demands accurate observation or experimentation.
In research, the researchers try to find out answers for unsolved questions
It should be carefully recorded and reported
Need for research: (Importance of Research)
The main importance of research is to produce knowledge that can be applied outside a research setting. Research also forms the foundation of program development and policies everywhere around the universe. It also solves particular existing problems of concern. Research is important because we are able to learn more about things, people, and events. In doing research, we are able to make smart decisions.
Marketing research is important because it allows consumers and producers to become more familiar with the products, goods, and services around them. Research is important to society because it allows us to discover more and more that might make are lives easier, more comfortable, and safer. It presents more information for investigation.
This allows for improvements based on greater information and study. It is very important. Research encourages interdisciplinary approaches to find solution to problems and to make new discoveries. Research is a basic ingredient for development and therefore serves as a means for rapid economic development.
The main importance or uses may be listed as under:
It provides basis for government policies
Helps in solving various operational and planning problems of business and industry
Research helps in problem solving
Is useful to students, professionals, philosophers, literary men, analysts and intellectuals.
Objectives of Research
1. To find out the truth which is hidden and which has not been discovered so far.
2. Aims at advancing systematic knowledge and formulating basic theories about the forces influencing the relation between groups as well as those acting on personality development and is adjustment with individuals.
3. Try to improve tools of analysis or to test these against the complex human behavior and institutions.
4. To understand social life and thereby to gain a greater measure of control over social behavior.
5. To provide an educational program in the accumulated knowledge of group dynamics, in skills of research, in techniques of training leaders and in social action.
Qualities / Characteristics of a Good Research
• A good research must be systematic
• A good research must be logical
• A good research must be empirical (experiential) (Practical)
• A good research must be verifiable
• As far as possible common concepts must be used
• Procedure followed in research must be sufficiently described
• Research procedure should be so described that objective of research can be achieved.
Motives of Research:
(a) To face the challenge in solving unsolved problems.
(b) To get i
In a highly competitive global world, mastering international business administration is becoming necessary for managers worldwide to successfully perform diverse business activities with other parties in different countries.
Dr Sam Ruturi 2018 Chapter 3 Customs and Regional Trade Regional Integrationsamruturi
This lecture material looks at the Customs and Regional Trade with specific reference to regional integration between countries in Africa and the rest of the world.
International Business Management: Regional Economic EntegrationFeleke Solomon
Regional Economic Integration is one of the major emphasis topics under international business management. I highlight the meaning REI, its types, modes, and the importance of REI in facilitating International business.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Regional economic integration (2)
1.
2. Regional Economic Integration refers to
agreement between groups of countries in
geographic region to reduce and ultimately
remove tariff and non tariff barriers to the
free flow of goods, services and factors of
production between each other countries.
Regional trade agreement are design to
promote free trade, but instead the word may
be moving toward a situation in which a
number of regional trade blocks compete
against each other.
3. There are five levels of economic integration :
• Free Trade Area encourages trade among its
members by eliminating trade barriers (tariffs,
quotas, and other nontariff barriers [NTBs])
among them.
I. European Free Trade Association (EFTA) :
Norway, Iceland, Liechtenstein and
Switzerland
II. North American Free trade Agreement
(NAFTA) : Canada, Mexico and United States
4. • Custom Union combines the elimination of
internal trade barriers among its members with
the adoption of common external trade policies
toward nonmembers.
I. Andean Pact (between Bolivia, Columbia
,Ecuador and Peru) is an example of a
customs union.
5. • Common Market eliminating barriers that
inhibit the movement of factors of production
(labor, capital, and technology) among its
members.
I. MEROSUR (between Brazil, Argentina,
Paraguay, and Uruguay )is aiming for
common market status.
6. • Economic Union represents full integration of
the economics of two or more countries. It also
involves free flows of products and factors of
productions between members countries and
adoption of common currency, harmonization of
member countries tax rates and common
monetary and fiscal policy.
I. European Union (EU) is an imperfect
economic union.
7. •Political Union involves a central political
apparatus that coordinates the economic,
social and foreign policy of members state.
I. EU is headed towards at least partial
political union, and United States is an
example of even closer political union.
10. •*opening a country to free trade stimulate
economic growth in the country which creates
dynamic gains from trade.
economic theories suggest free trade and
foreign direct investment is a positive activity in
which all participating countries gain
as an attempt to achieve additional gain from the
free flow of trade and investment between
countries beyond those attainable under
international agreement
motivate desires to exploit gains from free trade
and investment
11. Attempt to establish trade areas, customs union and
the like. By linking neighbouring economies and
making them increasingly dependent on each other,
incentive are created for political co-operation
between neighbouring states
Integration will reduce potential violent conflict
between the state
By grouping their economies together, the countries
can enhance their political weight in the world
12.
13. EU is the most important regional trading bloc
in the world.
27 member countries that compose one of the
world‟s richest markets
The creation of EU was motivated by the
desires of two world wars of western europe
to promote peace and the prosperity through
economic and political cooperation.
14.
15. The first six European nation that signed the
Treaty of Rome (established the European
Economic Community) in 1957 are France, West
Germany, Italy, Belgium, the Netherlands and
Luxembourg.
In 1970s , followed European nation such as
UK, Denmark, and Ireland joined EEC which
became the European Community, (EC).
16. GOVERNING THE EUROPEAN NATION
The members of EU are sovereign nation which
agreed to cede their powers to the EU.
Characterized both as an “intergovernmental
government” and “supranational government”.
EU is governed by four orgnizations:
1. The Council of the European Union
2. The European Commission
3. The European parliament
4. The European court of Justice
17. THE STRUGGLE TO CREATE COMMON MARKET
The Treaty of Rome‟s goal is to create a common
market that would permit free flow of goods,
services, labor, capital and technology.
Unfortunately, conflicting national regulations
affects nearly every good, services purchased and
the completion of the common market
Ways and process of eliminating conflicts and
barriers to establish a common market:
1. Process of harmonization
2. Concept of mutual recognition
3. The issuing of its White Paper
18. FROM COMMON MARKET TO EUROPEAN UNION
Many EU economist were arguing that
European firms remained at a competitive
disadvantage because of the risks and costs in
so many different currencies
The result was a new treaty known formally as
the Treaty on European Union and informally as
the Maastricht treaty which rests on three pillars
designed to further economic and political
integration:-
19. a) A new agreement to create common foreign and
defense policies among members
b) A new agreement to cooperate on police, judicial,
and public safety manners.
c) The old familiar European Community, with new
provisions to create an economic and monetary
union among member states.
European Community became commonly known
as the European Union in recognition of the
increasing integration of Europe.
20. Five Convergence criteria that were developed
because of the economic policies of its member
was needed to be successful:
1) Inflation rate must be more than 1.5 percentage
point
2) Long term interest rates must not be more than 2
percentage points
3) Must have been a member of the EU‟s revised
exchange-rate mechanism for 2 years
4) Government budget deficit must be no more than
3% of its GDP
5) Government debt must be trending toward no
more than 60% of its GDP.
21. Treaty of Europe ( Treaty of Amsterdam)
furthered the process of European integration in
1997.
In 2003, The Treaty of Nice furthered the
integration which became effective to reduce
the risk of political gridlock as the number of
members increased, the treaty reduced the
number of areas.
Two years later, in 2005 they agreed to support
the Treaty of Lisbon called Reform Treaty which
adopted many of the government changes.
23. North American Free Trade
Aggreement
The goal: to eliminate all the tariffs on bilateral
trade between Canada and U.S. by 1988.
The NAFTA agreements was finalized on
January 1, 1994.
Contain provisions to protect intellectual
property right.
Abolition within 10 years of tariff on 99% of the
goods traded among Mexico, Canada and U.S
24. Removes most restriction on FDI between the 3
members countries.
Under NAFTA, each country is allowed to apply
its own environmental standard.
NAFTA establishes 2 commissions with the
power to impose fines and remove trade
privileges.
26. •The Mercosur Accord
members; Argentina,
Brazil, Paraguay and
Ururguay
•Andean Community
members; Bolivia, Chile,
Columbia, Ecuador,
and Peru
27. MERCOSUR ACCORD
Originated in 1988, it is a free trade pact
between Brazil & Argentina.
The aim : to establish a full free trade area by the
end of 1994 and a common market sometime
later.
In March 1990, Uruguay and Paraguay joined as
members.
28. ANDEAN COMMUNITY
Formed in 1969 when Bolivia, Chile, Ecuador,
Columbia and Peru signed the Cartegena
Agreement.
Based on the EU model but it was less
successful in its achieving goal; to make them
more competitive with larger countries.
Collapsed in the mid 1980s
30. Established in August 1967
To promote regional political and economic
cooperation.
To promote intra-ASEAN trade, members
established the ASEAN Free Trade Area (AFTA),
to slash their tariff to 5 percent or less on
manufactured goods because the progress is
slow.
32. Includes the economic powers of U.S, Japan
and China.
To increase multilateral co-operation in view of
the economic rise of the Pacific nations and the
growing interdependence within the region.
34. Southern African Development Community
(SADC)
To promote the development of their regional
economy.
Economic and Monetary Community of Central
Africa (CEMAC)
to achieve collective autonomy, raise the
standard of living of its populations and
maintain economic stability through harmonious
cooperation
Economic Community of West African States
(ECOWAS)
To promote co-operation on regional economic
development programs.
36. OPPORTUNITIES
The creation of single market offers significant
opportunities. E.g The French and Italian market
in 1992
Additional opportunities arise from the inherent
lower cost of doing business in a single market.
Standard and simplified tax regimes.
Firms can serve whole market of the country
from a single location.
37. THREATS
Business environment become more
competitive.
Threat to non- EU lies in the long term
improvement in the competitive position of many
European and North Americans firms.
Being shut out of „Fortress Europe‟ and
„Fortress North America‟ whereby they might
impose barriers to Non-EU and Non-American
firms to trade with the countries.