GEB 3373 Lecture Notes - Lecture 46: Trade Bloc, Asean Free Trade Area, Economic Community Of Central African States

• School: University of Florida
• Department: Business Administration - General
• Course: GEB 3373
• Professor: Phalin Amanda

Document Summary

> creation of two-track system, allowing some nations to integrate faster than others. > reduced areas where unanimity required for council approval. > established european convention to write constitution to resolve policy conflicts between national sovereignty and supranationality. > constitution needed unanimous, eu-wide approval; rejected by. > adopted many of changes proposed in constitution. > created high rep. for eu on foreign affairs and security policy. > decreased size of eu commission; expanded eu parliament powers. > changed voting rulings (decrease veto powers in some cases) European free trade associaton (efta): iceland, liechtenstein, norway, European economic area: eu + iceland, liechtenstein, norway. Eurasian economic union: russia, belarus, kazakhstan + armenia & kyrgzstan by end of 2014. > first created in 2010 as customs union between russia, belarus, > rules of origin determine if good is really from north am. and eligible for preferential treatment (keeps mnes from building assembly plants in mexico to take advantage of lower tariffs)