Exam 4: Regional Economic and Political Integration

What was the result of the 1992 Maastricht Treaty?

Which country is not a member of the European Free Trade Association?

The goal of ASEAN is to ultimately create a free trade area where tariff and non-tariff barriers are eliminated.

The perception of European Union members is that EFTA members

The Commonwealth of Independent States (CIS) has never had any noteworthy economic content.

What difficulty does the Common Market for Eastern and Southern Africa (COMESA) currently face?

________________________________________ is a free trade organization that promotes economic cooperation among a coalition of 14 of Africa's more affluent and developed nations.

A(n) _________________________ is a free trade association that may have either eliminated or greatly reduced all tariffs and other trade restrictions for member countries and that has adopted common external tariffs on products imported from outside the free trade area.

In Europe, member countries agreed, at treaty known as the ______________________________, to establish the European Economic Community, eliminating all tariffs, establishing common external tariffs, and allowing for the free movement of capital and labor within its territory.

The Organization for Petrol Exporting Countries (OPEC), the North Atlantic Treaty Organization (NATO), and the Organization for Economic Co-operation and Development (OECD) are all examples of:

One of the reasons that the Economic Community of West African States (ECOWAS) has not been able to achieve complete economic integration is because Nigeria has dominated the group.

People in neighboring countries often share a language, as well as other cultural elements.

The Andean Community (AnCom) has eliminated trade restrictions (tariff and non-tariff) within the Andean region, but it has not yet agreed on uniform external tariffs and rules for foreign investment.

Regional proximity is not an important facilitator of economic cooperation.

The Southern African Development Community is a free trade organization that promotes economic cooperation among a coalition of 14 of Africa's more affluent and developed nations.

The European Court of Justice is the European Union's equivalent of the U.S. Supreme Court. However, unlike the U.S. Supreme Court, the European Court of Justice's decisions are not final.

While there are a number of examples of political unions, the ______________________________ is the only example to date of successful voluntary political integration.

Under the NAFTA agreement, in order to benefit from a duty-free status, goods must have a 51% North American content.

Which of the following is located in Strasbourg, France and is a body of members elected every five years by direct universal suffrage?

Which country is the only European Free Trade Association country to participate in the Schengen agreement on the elimination of border controls.