Chapter 8 Global & Regional Integration

efforts to reduce trade and investment barriers within one region

efforts to reduce trade and investment barriers around the globe

a multilateral agreement governing the international trade of goods (merchandise)

the official title of the multilateral trading system and the organization underpinning this system since 2005

the official title of European economic integration since 1993

the global system that governs individual trade among countries; otherwise known as the GATT/WTO system

a principle that a country cannot discriminate among its trading partners

a WTO agreement governing the international trade of services

a WTO agreement governing intellectual property rights

a round of WTO negotiations to reduce agricultural subsidies, slash tariffs, and strengthen intellectual property protections that started in Doha, Qatar in 2001. officially known as the "Doha Development Agenda," it was suspended in 2006 due to disagreements

a group of countries that remove trade barriers among themselves

a free trade area launched by Belarus, Kazakhstan, and Russia

one step beyond an FTA, a customs union imposes common external policies on nonparticipating countries

combining everything a customs union has, a common market, in addition, permits the free movement of goods and people

having all the features of a common market, members of an economic union also coordinate and harmonize economic policies to blend their economies into a single economic activity

a group of countries that use a common currency

the integration of political and economic affairs of a region

a passport-free travel zone within the EU

the currency currently used in 19 EU countries

the 19 EU countries that currently use the euro as the official currency

British exit from the EU

a free trade agreement among Canada, Mexico, and the US that was in force between 1994 and 2000

a free trade agreement that replaced NAFTA

a customs union in South America that was launched in 1969

a customs union in South America that was launched in 1991

a regional integration mechanism joining two existing customs unions (Andean community and Mercosur) in South America

a free trade agreement between the United States and five Central American countries and the Dominican Republic

a free-trade agreement between Australia and New Zealand

the organization underpinning regional economic integration in Southeast Asia

the official title for regional economic integration involving 21 member economies around the pacific

a multilateral free trade agreement negotiated by 12 Asia Pacific countries

a free trade agreement launched by the 11 remaining members of TPP after the US withdrew from TPP

a free trade agreement launched by ASEAN 10, CER 2, and East Asia 3 (China, Japan, and Korea)

a global infrastructure investment and development strategy adopted by the Chinese government to invest in countries in Africa, Asia, and Europe

a free trade area formed by 54 of the 55 African countries to promote Africawide economic integration

government assistance to help domestic firms