Union and the NAFTA‚ NAFTA’s functional structure. A brief introduction if NAFTA and EU confront one another. Executive Summary Some would doubt that the formation of NAFTA was the American response to the European Single Act that formed the EU‚ which is made up of 27 countries. There is nothing to gain for both the blocs. However in some areas‚ “peaceful co-existence” and some form of “stricter ties” between the EU and NAFTA would prove to be beneficial for both. Introduction The NAFTA and the
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EU Competition Policy European competition law and policy have changed significantly in recent years. With an enlarged EU of 27 member states‚ new rules‚ policies and administrative procedures have become increasingly important to ensure that this fundamental legal regime continues to promote competition and protect consumer welfare. In an attempt to define Competition policy‚ Massimo Motta described it as follows: “the set of policies and laws which ensure that competition in the market place
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Our project emphasized on the development of the economic relationship between EU and China‚ and especially on international trade. The objectives are to understand and identify the main factors determining or influencing the direction and scope of the relationship between the two countries within a broad theoretical framework and large social context and to explore the future development tendency‚ and furthermore‚ to see the possibilities of forming strategic partnerships between the two giants
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politically and economically tight European Union‚ the EU did not consider Turkey’s application until 1993. They were not a candidate country until 1999. The EU had outlined 35 chapters for the country to comply with before their admittance is decided on a vote. Though Turkey still has room to improve on several mandates as given by the EU‚ Turkish economic potential cannot be ignored. Europe and Turkey extensively trade between each other. Turkey and the EU already have free trade between each other. Turkey’s
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To answer this question I will firstly explain how EU law became incorporated within the member states I will then explain the various types of EU legislation’s in circulation. This is important to define as the various types of methods will involve different enforcement procedures. Finally I will explain how EU law is enforced and the ways EU law will effect the member state and individual businesses. I will summarise my findings at the end of the essay‚ this will give details of all the key
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The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe.1 The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states.2 Institutions of the EU include the European Commission‚ the Council of the European Union‚ the European Council‚ the Court of Justice of the European Union‚ the European Central Bank‚ the Court of Auditors‚ and the European Parliament. The European
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it is contained: Historically the EEC treaty contained no provision dealing with the concept of supremacy of Community law over the national law of member states. In fact‚ treaties were generally silent as to the nature of the relationship between EU law and national law except for a general obligation contained in article 4 (3) TEU which states:- “‘Pursuant to the principle of sincere cooperation‚ the Union and the Member States shall‚ in full mutual respect‚ assist each other in carrying out
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The African continent has suffered from various forms of threats to its peace and stability. These involve environmental degradation‚ poverty‚ diseases‚ hunger‚ drought and wars. Terrorism however‚ is emerging as a serious threat to African peace. Salvatore Freni (2010) points out that terrorism has undergone a number of changes and mutations. Salvatore went on to explain that “new” terrorism elements are rooted in globalization and are characterized by structure of terrorist groups which has evolved
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The Liberalization of the EU Postal Market: What are the possible welfare effects? 1. Introduction In regulated industries‚ governments established Universal Service Providers (USPs) in the postal market in order to provide every inhabitant of a country with essential services. Many European Union (EU) member states decided that by the 1st of January 2009 the EU postal market should be liberalised‚ causing competition to increase. When competition rises within a specific market‚ usually‚ welfare
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Short Paper: EU Competition Policy Economic principles underlying EU competition policy Effective competition between suppliers is important in the way that it allows to reduce prices‚ improve the quality of goods‚ and enlarge the quantity of items provided for the consumers due to the process of innovation. The European Commission’s purpose is to ensure fair competition in European markets. It promotes economic efficiency‚ an optimal allocation of resources
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