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Customs And Monetary Union
A customs and monetary union is a type of trade bloc which is composed of a customs union and a currency union. The participant countries have both common external trade policy and share a single currency. Customs and monetary union is established through trade pact. List of customs and monetary unions * Economic and Monetary Union of the European Union (1999/2002) with the Euro for the Eurozone members ** ''de facto'' San Marino – European UnionWithin the EU customs area and has a monetary agreement with the EU. ** ''de facto'' Andorra – European Union ** ''de facto'' Monaco – European Union * ''de facto'' Switzerland–Liechtenstein * ''de facto'' the OECS Eastern Caribbean Currency Union with the East Caribbean dollar in the CSME (2006) * Economic and Monetary Community of Central Africa (CEMAC) * West African Economic and Monetary Union (UEMOA) * ''de facto'' the Common Monetary Area (CMA) in the Southern Africa Customs Union (SACU) Note: Every economic an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Bloc
A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states. Trade blocs can be stand-alone agreements between several states (such as the USMCA) or part of a regional organization (such as the European Union). Depending on the level of economic integration, trade blocs can be classified as preferential trading areas, free-trade areas, customs unions, common markets, or economic and monetary unions. Use Historic trading blocs include the Hanseatic League, a Northern European economic alliance between the 12th and 17th centuries, and the German Customs Union, formed on the basis of the German Confederation and subsequently the German Empire from 1871. Surges of trade bloc formation occurred in the 1960s and 1970s, as well as in the 1990s after the collapse of Communism. By 1997, more than 50% of all world commerce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dominica
Dominica, officially the Commonwealth of Dominica, is an island country in the Caribbean. It is part of the Windward Islands chain in the Lesser Antilles archipelago in the Caribbean Sea. The capital, Roseau, is located on the western side of the island. Dominica's closest neighbours are two Special member state territories and the European Union, constituent territories of the European Union, both overseas departments of France: Guadeloupe to the northwest and Martinique to the south-southeast. Dominica comprises a land area of , and the highest point is Morne Diablotins, at in elevation. The population was 71,293 at the 2011 census. The island was settled by the Arawak arriving from South America in the fifth century. The Kalinago displaced the Arawak by the 15th century. Christopher Columbus is said to have passed the island on Sunday, 3 November 1493. It was later colonised by Europeans, predominantly by the French from the 1690s to 1763. The French trafficked slaves from W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Customs Territory
A customs territory is a territory with uniform customs regulations and there are no internal customs or similar taxes within the territory. Customs territories may fall into several types: * A sovereign state, including a federation * A trade bloc that has a customs union * An List of autonomous areas by country, autonomous or dependent territory, dependent territory There are also some unregulated lands (usually uninhabited) not part of any customs territory. most List of customs unions, customs unions rarely operate as a single entity and are represented in relations with other customs territories either jointly by their member state governments and the union institutions or by only the member states. Thus, in practice, they rarely appear as a single customs territory and instead they operate as a multiple separate customs territories that have the same or similar customs tariffs. The European Union (EU) is the only trade bloc in which the union institutions have Treaty of Lis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Member State Territories And The European Union
The special territories of members of the European Economic Area (EEA) are the 32 special territories of EU member states and EFTA member states which, for historical, geographical, or political reasons, enjoy special status within or outside the European Union and the European Free Trade Association. The special territories of EU member states are categorised under three headings: nine Outermost Regions (OMR) that form part of the European Union, though they benefit from derogations from some EU laws due to their geographical remoteness from mainland Europe; thirteen Overseas Countries and Territories (OCT) that do not form part of the European Union, though they cooperate with the EU via the Overseas Countries and Territories Association; and ten special cases that form part of the European Union (with the exception of the Faroe Islands), though EU laws make ''ad hoc'' provisions. The Outermost Regions were recognised at the signing of the Maastricht Treaty in 1992, and conf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dependent Territory
A dependent territory, dependent area, or dependency (sometimes referred as an external territory) is a territory that does not possess full political independence or sovereignty as a sovereign state and remains politically outside the controlling state's integral area. As such, a dependent territory includes a range of non-integrated not fully to non-independent territory types, from associated states to United Nations list of non-self-governing territories, non-self-governing territories (e.g. a colony). A dependent territory is commonly distinguished from a administrative division, country subdivision by being considered not to be a constituent part of a sovereign state. An administrative subdivision, instead, is understood to be a division of a state proper. A dependent territory, conversely, often maintains a great degree of autonomy from its controlling state. Historically, most colonies were considered to be dependent territories. Not all autonomous entities are considere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Autonomous Areas By Country
This list of autonomous areas arranged by country gives an overview of autonomous areas of the world. An autonomous area is defined as an area of a country that has a degree of autonomy, or has freedom from an external authority. It is typical for it to be geographically distant from the country, or to be populated by a national minority. Countries that include autonomous areas are often federacies. The autonomous areas differ from federal units and independent states in the sense that they, in relation to the majority of other sub-national territories in the same country, enjoy a special status including some legislative powers, within the state (for a detailed list of federated units, see federated state). This list includes areas that are internationally recognized, as well as some that are generally unrecognized. The definition of an ''autonomous area'' varies from country to country, so the native term as defined by the respective country's government is listed, and the E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Monetary Union
An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic integration. An EMU agreement usually combines a customs union with a common market. A typical EMU establishes free trade and a common external tariff throughout its jurisdiction. It is also designed to protect freedom in the movement of goods, services, and people. This arrangement is distinct from a monetary union (e.g., the Latin Monetary Union), which does not usually involve a common market. As with the economic and monetary union established among the 27 member states of the European Union (EU), an EMU may affect different parts of its jurisdiction in different ways. Some areas are subject to separate customs regulations from other areas subject to the EMU. These various arrangements may be established in a formal agreement, or they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Africa Customs Union
The Southern African Customs Union (SACU) is a customs union among five countries of Southern Africa: Botswana, Eswatini, Lesotho, Namibia and South Africa. Its headquarters are in the Namibian capital, Windhoek. It was established in 1910. History The SACU is the oldest existing customs union in the world. The first customs union in the area was established in 1889 between the British Cape Colony and the Boer republic of the Orange Free State. In 1891 British Bechuanaland and Basutoland joined, followed by Bechuanaland Protectorate in 1893 and Natal in 1899. Parallel to this process, the Boer republic of the South African Republic and Swaziland (then a protectorate of the South African Republic) formed a customs union in 1894. Following the Second Boer War, and the establishment of British control over the Boer republics, the Southern African Customs Union was formed in 1903 with the signing of a new Convention and replaced the previous arrangements. It consisted of Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Monetary Area
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a currency union, monetary union. The Southern African Customs Union (SACU) includes all CMA members in addition to Botswana, which replaced the South African rand, rand with the Botswana pula, pula in 1976 as a means of establishing an independent monetary policy. The CMA facilitates trade and promotes economic development between its member states. Although the South African rand is legal tender across the CMA, the other member states issue their own currencies exchanged at par with it: the Lesotho loti, Namibian dollar and Swazi lilangeni. Foreign exchange regulations and monetary policy throughout the CMA continue to reflect the influence of the South African Reserve Bank. History The CMA, enacted in July 1986, originated from the Rand Monetary Area (RMA), which was formally established in December 1974; the signatories of the latter were South Africa, Lesotho, and Swaziland. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West African Economic And Monetary Union
The West African Economic and Monetary Union, generally referred in English to by its French acronym UEMOA (for Union Économique et Monétaire Ouest-Africaine) and alternatively as WAEMU, is a treaty-based arrangement binding together eight West African states within the larger Economic Community of West African States, seven of which were previously colonies of French West Africa. It was established to promote monetary and financial stability as well as economic integration among countries that share the West African CFA franc (ISO 4217: XOF) as a common currency. From 1962 to 1994, it was known as the West African Monetary Union (WAMU or, in French, UMOA for ''Union Monétaire Ouest-Africaine''). Territorially, UEMOA mostly overlaps with another regional organization, the Economic Community of West African States, ECOWAS. UEMOA common institutions include its Council of Heads of State () and Council of Ministers; Commission, Court of Justice, and Court of Accounts (all in Ou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Monetary Community Of Central Africa
The Economic and Monetary Community of Central Africa, generally referred to by its French acronym CEMAC (for Communauté Économique et Monétaire de l'Afrique Centrale; ), is an organization of states of Central Africa established by Cameroon, Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon to promote economic integration among countries that share a common currency, the Central African CFA franc. There is a strong overlap between CEMAC and Economic Community of Central African States (ECMAS) in the areas of membership and mandates. CEMAC's common institutions include its Council of Heads of State () and Council of Ministers; a Commission in Bangui, Court of Justice in N'Djamena, and Parliament in Malabo; the Bank of Central African States (BEAC) in Yaoundé; the Central African Banking Commission (COBAC) and Central African Financial Market Supervisory Commission (COSUMAF), both in Libreville; and the Development Bank of the Central A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint Vincent And The Grenadines
Saint Vincent and the Grenadines, sometimes known simply as Saint Vincent or SVG, is an island country in the eastern Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies, at the southern end of the eastern border between the Caribbean Sea and the Atlantic Ocean. To the north lies Saint Lucia, to the east is Barbados, and Grenada lies to the south. Spanning a land area of , most of its territory consists of the northernmost island of Saint Vincent, which includes the capital and largest city, Kingstown. To the south lie two-thirds of the northern part of the Grenadines, a chain of 32 smaller islands; the remaining southern third make up Grenada. Seven of the islands are inhabited, of which the largest and most populous are Bequia, Mustique, Canouan, and Union Island. With an estimated population of around 110,872, Saint Vincent and the Grenadines has a population density of over 300 inhabitants/km2 (700 per sq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
