Regional Trade Agreements

Regional Trade Agreements . EFTA Canada EC

United States

Egypt

Israel

Morocco Jordan Mexico

CARIFORUM

CEMAC

MERCOSUR

Thailand

Japan Korea

ASEAN

India PA EP CI A F

Singapore

DC SA

Chile

Bahrain GCC

ECOWAS ESA

Panama

Chinese China Taipei

SACU

IC

Australia

S. Africa N. Zealand

Notified RTAs Under Negotiations/Signed Proposed

Ing. Tomáš Dudáš, PhD.

European Economic Area

The European Union Set of agreements among countries of

Western Europe in the realms of economics, foreign and security policies, and justice and home affairs Extend back to the Marshall Plan under which

United States aided in the reconstruction of Europe after World War II

1992 marked the official completion of a

common market in which barriers to labor and physical capital were to be removed Actual completion of a common market is still in

process

5

The Evolution of the European Union

6

EU and the world economy Growth of EU 2008: 0,8% GDP of 14,94 billion USD (2008) Bigger than USA 2 times bigger than Japan 5 times bigger than China

Global exports 2008: EU and global competitors EU: 38.9% USA: 8.7% Japan: 5.3%

Employment in R&D intense industries EU 6.9% USA 4.9%

Best universities in the world according to Shanghai 500

EU external trade relations Customs union – Andorra, San Marino and Turkey Associated countries – mainly Balkans and North

Africa GSP under WTO rules EU and ACP countries EU – South Korea FTA (under negotiation) Negotiations with ASEAN and India