Posts

Showing posts from August 6, 2015

Fwd: Comunicate senator Viorel Badea_APCE - olgalazin@gmail.com - Gmail

Fwd: Comunicate senator Viorel Badea_APCE - olgalazin@gmail.com - Gmail:






Free Trade Agreement of North America (NAFTA) and the
European Union (EU) Summary of provisions.
NAFTA
UE

Goals
Market trade in goods
Transnational criteria to
create step by step a political, economic and population union.
Activity
Each member sets its own
subject to external political negotiations.
The Council of Ministers
(the main decision-making body representing all countries) makes decisions
applicable to all members.
Currency

Each member has its own
currency.
Members have established
a common currency unit (ECU) but each country still has its own currency.
Under the Maastricht Treaty, it was scheduled that ECU be the single monetary
unit for 1999.
Duties
Each country retains its
own tariff regulations.
Members were united in a
single market since 1 January 1993. Capital, goods and services are moving
between EU countries. There is a commitment to abolish internal migration
controls, but some…