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Topic: Trade bloc

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  Jamaica Gleaner News - CARICOM - newest trade bloc on January 23 - Thursday | December 29, 2005
These trade blocs enjoy special and differential treatment within their boundaries, in addition to the removal of trade barriers within the bloc and they also have a common trade tariff for third countries.
A regional trade bloc provides a protective hedge from the winds of globalisation, acting as a trade union protecting its member countries.
As the gradual removal of traditional preferential trading arrangements with the United Kingdom (UK) and the European Community (EU) under the current World Trade Organisation (WTO) regime indicates, the CSME is even now more than ever, a vital organ for the survival of the Caribbean market.
www.jamaica-gleaner.com /gleaner/20051229/business/business1.html   (734 words)

 Chapter 11
If forming or joining the trade bloc results in shifting the source of imports into the country from low-priced suppliers from countries outside the trade bloc to higher-priced partner suppliers, the country and the world lose as trade is diverted from low-cost to higher-cost producers.
Trade blocs are exemplified mainly by free trade areas and custom unions.
Trade embargoes are usually imposed by large countries that are important in the trade of the target country.
www.wright.edu /~tdung/Chapter_11_Pugel.htm   (2374 words)

 EU chief warns trade bloc over talks - Breaking News - World - Breaking News
The World Trade Organisation's 148 member countries are due to meet in Hong Kong in December for what is considered the last chance for a global trade deal under the WTO's current negotiating round, launched four years ago.
As well as trade, EU ministers were due to discuss the outbreak of bird flu in countries on Europe's eastern flank.
The main trading nations are searching for common ground, particularly on agriculture, to clear the way for a global trade deal to be agreed in December.
www.smh.com.au /news/World/EU-chief-warns-trade-bloc-over-talks/2005/10/18/1129401255386.html   (590 words)

 LATIN AMERICA: Mercosur Trade Bloc Does Not Fear EU Expansion
Trade between the EU and Mercosur doubled in 10 years, from 20 billion dollars in 1991 to more than 40 billion in 2001.
The Mercosur is the EU's main trading partner in Latin America, absorbing more than half of the flow of trade and foreign direct investment from the European bloc.
The South American bloc of 224 million people wants the goods it produces with greater added-value to be granted conditions that will allow them to be imported by the EU.
www.ipsnews.net /africa/interna.asp?idnews=23547   (1243 words)

  Trade bloc Summary   (Site not responding. Last check: )
An evolving trend in international economic activity is the formation of multinational trading blocs.
These blocs are made up of a group of contiguous countries that decide to have common trading policies for the rest of the world in terms of tariffs and...
A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements.
www.bookrags.com /Trade_bloc   (128 words)

 Trade Creation and Trade Diversion [ Biz/ed Virtual Developing Country ]
From the point of view of LDCs the existence of trading blocs depends rather on firstly whether the country is in the trading bloc and secondly which other countries are also members.
Forming a trade bloc with other LDCs may result in only a small trade creation effect as the share of world trade involving LDCs is so small, that the trade bloc has limited influence on the market price and quantity.
If the country joins a trade bloc with a MDC then there may be real advantages to the LDC as resources flow within the bloc to the countries where there are cost advantages and the potential market for exports is significantly expanded.
www.bized.co.uk /virtual/dc/trade/theory/th3.htm   (531 words)

  International Economics Glossary: T
Trade that occurs between members of a preferential trading arrangement that replaces what would have been production in the importing country were it not for the PTA.
For a group or bloc of countries, usually in a PTA, the ratio of the bloc's share of intra-bloc trade to the bloc's share in world trade.
Refers to the budget deficit and trade deficit of a country (in spite of the fact that, although they are related, they are far from being the same).
www-personal.umich.edu /~alandear/glossary/t.html   (3707 words)

 Asia Times - New route could nurture new Asian trade bloc
He suggests that creation of such a trade bloc will pave the way for further economic cooperation between the two Asian economic giants, who could work on their synergies for effective partnership that could pose a formidable economic rival to the European Union and the North American Free Trade Agreement (NAFTA).
Sikkim, which would be the direct beneficiary of this cross-border trade agreement, has lobbied for some time with New Delhi for the resumption of border trade.
Trade through this region has a checkered history.
www.atimes.com /atimes/South_Asia/EG03Df01.html   (1011 words)

 Trade Blocs
It is a very powerful trade bloc, nonetheless, because of the economic and political power of the United States.
While this is generally true, it is not true in all cases because some free trade blocs erect higher tariffs and other restrictions to goods and services from outside the countries in the bloc.
A big advantage to poor countries in trade blocs is that they are usually recipients of large amounts of capital investments made by the wealthier countries.
faculty.valenciacc.edu /tbyrnes/trade.htm   (2260 words)

 UC Atlas: Trade Blocs
Regional trade blocs are intergovernmental associations that manage and promote trade activities for specific regions of the world.
This is primarily due to the size of the market: globalization taps into a world market whereas trade blocs emphasize into regional markets, which are larger than the domestic market of a given country, but still smaller than the world market.
Bliss appropriately cautions us on giving too much credit to trade blocs for development, noting that the efficacy of trade blocs “depends upon the definition of a trade bloc” which must also include an assessment of current political conditions of the region (1994:1).
ucatlas.ucsc.edu /trade/subtheme_trade_blocs.php   (935 words)

 Latin America: FTAA divides nations and trade blocs
Trade ministers in the Argentine capital are attempting to hammer out an agreement on the foundations upon which the Alaska-to-Tierra-del-Fuego trade bloc will be erected.
Nevertheless, the Southern Cone bloc is participating in these crucial trade negotiations with its own unity weakened by the measures that Argentina recently implemented in its attempt to overcome its deep political and economic crisis.
Free trade would be a disaster for Brazil, if the country does not undergo profound tax reforms in order to lower production costs, warned the president of the Brazilian Association of Machinery and Equipment Industries, Luiz Carlos Delben Leite.
www.twnside.org.sg /title/blocs.htm   (1041 words)

 Mercosur: Argentina, Brazil Compromise in Trade Squabble - Science - RedOrbit
It was better to adopt a more flexible and organized approach to bilateral trade relations than to remain subject to unilateral measures like the ones adopted in recent years by Argentina, argued Brazilian diplomats in defense of the new safeguard mechanism.
This flexibility was necessary on Brazil's part, she admitted, given its enormous trade surplus with Argentina, despite the unfavorable exchange conditions, with the Brazilian real overvalued since last year and the Argentine peso much weaker against the U.S. dollar.
Portela also criticized the fact that trade unions were completely excluded from the negotiations on the safeguard mechanism and other Mercosur agreements, for which the government solely consulted the business community.
www.redorbit.com /news/science/389334/mercosur_argentina_brazil_compromise_in_trade_squabble/index.html?source=r_science   (1026 words)

 IATP | Trade Observatory | Headlines
The new goal is to have the trade zone established by 2015.
Although both are in favour of free trade in the region, China has backed a slightly different version of the trade zone.
Intraregion trade now accounts for 56 per cent of all trade by the 16 countries, compared with just 33 per cent in 1984.
www.tradeobservatory.org /headlines.cfm?refID=88791   (736 words)

 ASEAN leaders endorse free trade bloc
Southeast Asian leaders Tuesday endorsed a plan to transform the region into a giant free trade zone by 2020, with several urging a faster pace if they are to keep up with the rest of the world.
The group is working on free trade agreements to be completed with China in 2010, India in 2011 and Japan in 2012 and is considering advancing the 2020 deadline, ASEAN Secretary-General Ong Keng Yong said at the weekend.
Singapore Prime Minster Goh Chok Tong, a leading advocate of the free trade bloc, poured cold water on high expectations for quick progress by a group that has frequently adopted such plans and failed to follow through.
www.chinadaily.com.cn /en/doc/2003-10/07/content_269665.htm   (824 words)

 S. America grapples with trade bloc's path: South Florida Sun-Sentinel   (Site not responding. Last check: )
Meanwhile, the leaders of Paraguay and Uruguay -- which have the smallest economies in the Mercosur bloc -- complained that their nations are patronized by Argentina and Brazil, which have the continent's two largest economies.
Lula, who was elected as a leftist but who embraces free market economics, said the bloc was essential for the region to advance and become a bigger player on the world stage.
Paraguay and Uruguay are pondering trade deals with the United States out of frustration with Mercosur, and analysts say the bloc would be hurt if they left.
www.sun-sentinel.com /news/nationworld/sfl-asummit20jan20,0,7768069.story?track=rss   (662 words)

 Al Jazeera English - Archive   (Site not responding. Last check: )
The agreement was aimed at soothing friction caused by the decision of Hugo Chavez, the Venezuelan president, to split from their five-nation bloc in protest over US free trade deals.
Trade among the five Andean nations reached $9 billion last year.
Ecuador's free trade talks are frozen and face protests from indigenous leaders who fear a deal will threaten their livelihoods.
english.aljazeera.net /NR/exeres/2D607B01-6461-49C7-9D19-98C0D3CB204E.htm   (514 words)

 CalTrade Report - EU to Overhaul, Focus Trade Policy   (Site not responding. Last check: )
The 25-member EU will also consult on reforms to punitive trade protection measures such as anti-dumping sanctions with policymakers worried that Europe is falling behind its major competitors, say recent press reports.
Brussels is to pursue a series of bilateral trade agreements with countries offering the greatest commercial potential for European firms.
We need to be sure that our trade defense instruments and our use of them take account of these new realities,” the Commission said in a statement released to the press.
www.caltradereport.com /eWebPages/front-page-1160401740.html   (421 words)

Summit Pledges South American Trade Bloc For 2002 Meeting from 31 August to 1 September, the leaders of twelve South American countries convened in Brazil's capital Brasilia on Friday to launch an ambitious bid for economic unity.
Trade officials attempted to calm fears that regional integration would be a threat to a potential Free Trade Area of the Americas (FTAA).
Fox is eager to strengthen ties between Mexico and its Southern neighbours, and pushed for free trade and greater regional integration during a visit to Brazil earlier in August.
www.ictsd.org /html/weekly/story1.05-09-00.htm   (440 words)

 IslamiCity Forum: TIJARA - The Islamic Trade Bloc
Only through Islamic Trade can we understand the importance of the IGD and what the best way to develop it is. Furthermore, the full implementation of Islamic Trade proposes a completely new alternative to capitalism.
The IGD will be associated with trade institutions which can thrive with it and not left in the hands of banking or financial institutions which will marginalise it.
To re-establish trade must be considered a priority of every responsible government, and this primarily means the establishment of networks of Islamic Markets.
www.islamicity.com /forum/forum_posts.asp?TID=2861   (4867 words)

 Call to push for US in Asia trade bloc | The Nation | The Australian
An East Asian trade bloc would stretch from China to Australia, have an economic output of $9trillion and encompass almost half the world's population - three billion people.
Labor trade spokesman Simon Crean said that while Australia would not want to find itself excluded from an East Asian free trade pact, that regional grouping had traditionally been a forum for issues such as security and bird flu, not business.
The Government had dropped the ball on the Doha round, had failed to use APEC as a forum for pushing trade liberalisation and had treated bilateral free trade deals as "political trophies", rather than using them to push for reform.
www.theaustralian.news.com.au /story/0,20867,21072024-2702,00.html   (606 words)

 Mercosur leaders assess trade bloc - Breaking News   (Site not responding. Last check: )
A decade after Argentina, Brazil, Paraguay and Uruguay sealed a trade deal amid grandiose visions of transforming South America into a single economic bloc, officials representing the Mercosur nations are returning amid mounting criticism to the same colonial Brazilian town where the historic agreement was signed.
The high-level economic talks this week come against a backdrop of trade bickering between Argentina and Brazil and claims by experts and business leaders that Mercosur doesn't work and must be fixed or disbanded.
While trade among the Mercosur nations has increased since the zone was created, the bloc has lost much of its prestige because it never managed to slash trade barriers that were supposed to be reduced years ago.
www.smh.com.au - !http: //www.smh.com.au/news/Business/Mercosur-leaders-assess-trade-blocs/2004/12/15/1102787122227.html   (760 words)

 Free-Trade Stalemate - Technology - RedOrbit   (Site not responding. Last check: )
Without action on farm trade, it refuses to budge on issues key to Washington, such as boosting protections on drug patents and allowing more U.S. firms to bid on government contracts.
Free trade boosters worry about a possible WTO impasse later this year.
Beyond farm trade, there's also an "ideological battle" raging at this week's summit, according to Jeff Vogt, a free-trade critic and associate at the Washington Office on Latin America, a left-leaning think tank that focuses on issues of social justice.
www.rednova.com /news/technology/290597/freetrade_stalemate/index.html?source=r_technolog   (901 words)

 Worldandnation: Trade officials agree on outline for world's largest free-trade bloc
Trade officials agree on outline for world's largest free-trade bloc
MIAMI - Trade ministers from across the Americas - unable to agree on thorny issues like agricultural subsidies but pressured to avoid another failure in international talks - approved Thursday a watered-down framework for the world's largest free-trade bloc.
Ministers from 34 countries in the Americas, excluding only Cuba, were originally scheduled to finish negotiations on the Free Trade Area of the Americas today.
www.sptimes.com /2003/11/21/Worldandnation/Trade_officials_agree.shtml   (630 words)

 Mercosur: South America’s Fractious Trade Bloc - Council on Foreign Relations
The Mercosur trade bloc's purpose, as stated in the 1991 Treaty of Asunción, is to allow for free trade between member states, with the ultimate goal of full South American economic integration.
The trade bloc's “grand aspiration is to unify the Southern Cone and then all of South America in an economic bloc,” says Katherine Hancy Wheeler, a research associate with the Council on Hemispheric Affairs.
Director of Western Hemispheric Studies at Johns Hopkins University Riordan Roett says the Brazilians “appear to be pandering to Venezuela,” through their leniency for the Chávez government with regard to many of the requirements for Mercosur membership, and by supporting Evo Morales' bid for full membership.
www.cfr.org /publication/12762   (2275 words)

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