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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] |
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] |
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] |
Saint Kitts And Nevis
Saint Kitts and Nevis, officially the Federation of Saint Christopher (St Kitts) and Nevis, is an island country consisting of the two islands of Saint Kitts and Nevis, both located in the West Indies, in the Leeward Islands chain of the Lesser Antilles. With of territory, and roughly 48,000 inhabitants, it is the smallest sovereign state in the Western Hemisphere, in both List of countries and dependencies by area, area and List of countries and dependencies by population, population, as well as the world's smallest sovereign federation. The country is a Commonwealth realm, with Charles III as Monarchy of Saint Kitts and Nevis, king and head of state. The capital city is Basseterre, located on the larger island of Saint Kitts. Basseterre is also the main port for passenger entry (via cruise ships) and cargo. The smaller island of Nevis lies approximately to the southeast of Saint Kitts, across a shallow channel called The Narrows (Saint Kitts and Nevis), The Narrows. The B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grenada
Grenada is an island country of the West Indies in the eastern Caribbean Sea. The southernmost of the Windward Islands, Grenada is directly south of Saint Vincent and the Grenadines and about north of Trinidad and Tobago, Trinidad and the South American mainland. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. Its size is , with an estimated population of 114,621 in 2024. Its capital is St. George's, Grenada, St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace (spice), mace crops. Before the European colonization of the Americas, arrival of Europeans in the Americas, Grenada was inhabited by the Indigenous peoples of the Americas, indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his Voyages of Christopher Columbus, third voyage t ... [...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] |
Antigua And Barbuda
Antigua and Barbuda is a Sovereign state, sovereign archipelagic country composed of Antigua, Barbuda, and List of islands of Antigua and Barbuda, numerous other small islands. Antigua and Barbuda has a total area of 440 km2 (170 sq mi), making it one of the smallest countries in the Caribbean. The country is mostly flat, with the highest points on Antigua being in the Shekerley Mountains and on Barbuda the Barbuda Highlands, Highlands. The country has a tropical savanna climate, with pockets of tropical monsoon in Antigua's southwest. Its most populated city is St. John's, Antigua and Barbuda, St. John's, followed by All Saints, Antigua and Barbuda, All Saints and Bolans. Most of the country resides in the corridor between St. John's and English Harbour. Bounded by the Atlantic Ocean on the east and the Caribbean Sea on the west, Antigua and Barbuda is located within the Leeward Islands moist forests, Leeward Islands moist forest and Leeward Islands xeric scrub ecoregions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CARICOM Single Market And Economy
The CARICOM Single Market and Economy, also known as the Caribbean Single Market and Economy (CSME), is an integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) which took place in July 1989 in Grand Anse, Grenada. The Grand Anse Declaration had three key Features: #Deepening economic integration by advancing beyond a common market towards a Single Market and Economy. #Widening the membership and thereby expanding the economic mass of the Caribbean Community (e.g. Suriname and Haiti were admitted as full members in 1995 and 2002 respectively). #Progressive insertion of the region into the global trading and economic system by strengthening trading links with non-traditional partners. A precursor to CARICOM and its CSME was the Caribbean Free Trade Agreement, formed in 1965 and dissolved in 1973. Single market and economy The CSME will be implemented through a number of phases, first being the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Caribbean Dollar
The Eastern Caribbean dollar (currency symbol, symbol: EC$; ISO 4217, code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign ''$'' or, alternatively, ''EC$'' to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cent (currency), cents. It has been Fixed exchange rate system, pegged to the United States dollar since 7 July 1976, at the exchange rate of = .70. Circulation Six of the states using the EC$ are independent states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The other two, Anguilla and Montserrat, are British Overseas Territories. These states are all members of the Eastern Caribbean Currency Union. Other associate members of the OECS do not use the Eastern Car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Caribbean Currency Union
The Eastern Caribbean Currency Union (ECCU) is one of the world's four regional currency unions. The union is a development of the Organization of Eastern Caribbean States, in which the member countries agree to share the same currency, the Eastern Caribbean dollar (EC dollar). The ECCU is composed of the nations of Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines and the British territories of Anguilla and Montserrat. The ECCU economies are very small and vulnerable to impacts. Geographic barriers also pose a challenge for market integration, and high import and production costs affects economic activity. With a combined total population in 2013 of approximately 500,000 inhabitants and a 1998 GDP of $2.6 billion, the countries face risks from natural disasters. The ECCU came into operation in 1983 when it replaced its predecessor, the Eastern Caribbean Currency Authority. The currency union operates under the sup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation Of Eastern Caribbean States
The Organisation of Eastern Caribbean States (OECS; French: ''Organisation des États de la Caraïbe orientale'', OECO) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance between countries and territories in the Eastern Caribbean. It also performs the role of spreading responsibility and liability in the event of natural disaster. The administrative body of the OECS is the Commission, which is headquartered in Castries, the capital of Saint Lucia. OECS operates an economic union within the larger CARICOM economic union. Eight members operate as a currency union - the Eastern Caribbean Currency Union, using the Eastern Caribbean dollar. History OECS was created on 18 June 1981, with the Treaty of Basseterre, which was named after the capital city of St. Kitts and Nevis. OECS is the successor of the Leewards Islands' political organisation known as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurozone
The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency and sole legal tender, and have thus fully implemented Economic and Monetary Union of the European Union, EMU policies. The 20 eurozone members are: : Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The seven non-eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria. Bulgaria is targeting to join the eurozone on 1 January 2026. Bulgaria is expected to become the 21st eurozone member from January 1, 2026. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maastricht Treaty
The Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve Member state of the European Union, member states of the European Communities, it announced "a new stage in the process of European integration" chiefly in provisions for a European Union citizenship, shared European citizenship, for the eventual introduction of Euro, a single currency, and (with less precision) for Common Foreign and Security Policy, common foreign and security policies, and a number of changes to the European institutions and their decision taking procedures, not least a strengthening of the powers of the European Parliament and more majority voting on the Council of the European Union, Council of Ministers. Although these were seen by many to presage a "Federalisation of the European Union, federal Europe", key areas remained inter-governmental with national governments collectively taking key dec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
