Genereal Agreement of Treaty and trade Among nations to promote trade Resolved 300 trade disptes

Wto Successor og gatt Consisted of 147 members Handes trade disputes with dsb 60 days limit failind 3 member panel ( 9 mnths) Losing party to 7 member appllat body 97

Preferential trade agreement

Specail treatmnet (with in their region) Selecting partner Notify to wto Making coutires favourite 150 done

Free Trade Agreements

Eliminate tariffs Other barriers (s african, bostwana,lesotho,namibia and swailand)(southren african free trde anddevelpment agrrement)

Custom Union
Eliminating internal barriers Jan 1 1996 eu and turkey

Common market
Nex level of econom cintegration Allows free movemn o ffactors of productions

Economic Markert
Market for captal and services too One central bank Single currency Common policies n agriculter services tarnsporation taxanton etc

Stage of integration

Elimination of tariffs

Common external factors No Yes Yes Yes

Movement of factors of production No No Yes Yes

Unification of social and economic polices No No No Yes

FTA Custom Unions Common Market Economics Union

Yes Yes Yes Yes

North America
in 1998 CFTA 2003 canada Mexico imp 209$ 139$ exp canada Mexico 160 $ 97$ On August 12,1992 (NAFTA)

Andean Community
1969(bolivia,colombia,Ecuador,Peru and Venezuela agreed on socail and economic integration) Other will stay outside