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      <title>Trading blocs (2018) by Juha Törmikoski</title>
      <link>https://padlet.com/juha_tormikoski/econintegration</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2017-11-27 08:55:06 UTC</pubDate>
      <lastBuildDate>2018-12-03 10:10:15 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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         <url></url>
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      <item>
         <title>Japan</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/211374411</link>
         <description><![CDATA[<div>TPP (trans pacific partnership)<br>ASEAN Plus Three</div><h1>ASEAN–Japan Comprehensive Economic Partnership</h1><div><br>Trade blocs: agreement where barrier to trade are reduced or eliminated.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-11-29 13:34:07 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/211374411</guid>
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      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/211386298</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://en.wikipedia.org/wiki/Association_of_Southeast_Asian_Nations" />
         <pubDate>2017-11-29 14:00:19 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/211386298</guid>
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      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/211386316</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://en.wikipedia.org/wiki/Association_of_Southeast_Asian_Nations" />
         <pubDate>2017-11-29 14:00:21 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/211386316</guid>
      </item>
      <item>
         <title>Switzerland </title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310236934</link>
         <description><![CDATA[<ol><li><strong>UN- </strong>(United Nations)</li></ol><div> <strong>EFTA- </strong>(European Free trade Association) <br>The EFTA States jointly negotiate free trade agreements (FTAs) with partners outside the European Union in order to strengthen their competitive position and increase market access for their products.<br>Today, EFTA has 27 FTAs covering 38 countries and territories outside the EU.<br> <strong>OECD</strong>-  Organisation for Economic Co-operation and Development) In 2009, Switzerland adopted the OECD standards in the field of legal assistance in cases involving tax crimes.)<br><strong> UBS</strong> -  UBS Group AG is the largest Swiss financial holding providing various financial services worldwide.<br><strong> BIS</strong>- (The International Settlements Anchor)  Bank for International Settlements is an international financial institution whose functions include facilitating cooperation between central banks and facilitating international financial settlements. </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-02 23:22:05 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310236934</guid>
      </item>
      <item>
         <title>The Republic of Poland 🇵🇱</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310239184</link>
         <description><![CDATA[<div>Over the past 29 years, Poland has come a long way from an authoritarian state with a planned economy to a developed democratic state with a capitalist and business friendly economy. It has the sixth-largest economy in the EU and during the crisis 2008-09, Poland was the only EU country who avoid a recession.<br>All this wouldn't be possible without participation in various international economic organisations. Poland is a member of:<br><strong>EU </strong><em>(European Union) - </em>Poland  has been a member state since 1 May 2004, but first agreements about special terms of trades and economic cooperation had been signed in 1989. Nowadays, Poland is active member of the organisation. It has 51 seats in European parliament (out of 751). Moreover, Warsaw is the biggest economical and transport center in East part of the EU.<br><strong>Visegrad Group</strong> is the economical, cultural and political alliance between Czech Republic, Hungary, Poland and Slovakia. These 4 countries have very strong economic cooperation. Poland is de facto leader of the alliance, since the economy, political authority and army are quite large compared to other members of the organisation. <br>At the same time, Poland is not part of the eurozone. It is still keeping own currency (<em>polish zloty</em>). </div><div><strong>WTO</strong> (<em>World Trade Organisation) - </em>Poland was a member of the GATT since 1967 (the <em>General Agreement on Tariffs and Trade</em> is the predecessor of the WTO). Since 1995. Poland is a full-time member of the WTO. <br><strong>OECD</strong> <em>(Organisation for Economic Co-Operation and Development)</em> - Poland is a member since 1996. The country has permanent delegation to the OECD, composed of an ambassador and diplomats.</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-02 23:41:14 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310239184</guid>
      </item>
      <item>
         <title>South Sudan 🇺🇦</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310312002</link>
         <description><![CDATA[<div>East African community (March 2016) - free trade area between Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda; Different tariffs are applied for raw materials (0%), intermediate products (10%) and finished goods (25%), the latter percentage is fixed as the maximum. This represents a significant decrease from what was previously the maximum in Kenya (35%), Tanzania (40%) and Uganda (15%), However, this customs union is not yet fully implemented, because there is a significant list of exclusions to the Common External Tariff and tariff-free movement of goods and services. Free trade is a low level of economic integration, affects only on tariffs between members. The general goal of free trade agreements is to develop economies of scale and comparative advantages, which promotes economic efficiency. In my case exchange goes within the agricultural sector mostly since all of the members are representatives of developing countries. And the reduction of tariffs allows easier trade between countries, develops a competitive advantage, raising the supply on the market and the level of satisfaction of consumers.</div><div>Commonwealth of nations - focuses on non-governmental relations between member states.<br>TradeMark East Africa - aid for a trade organization </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-03 08:52:52 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310312002</guid>
      </item>
      <item>
         <title>Japan</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310312873</link>
         <description><![CDATA[<div> Member of <strong>UN(</strong>United Nations<strong>),<br>WTO(</strong>World Trade Organisation<strong>)  - </strong> member country signed an agreement, that country's government is bound to a set of constraints that it must observe when setting future trade policies. These agreements protect producers, importers and exporters while encouraging world governments to meet specific social and environmental standards. <strong><br> IMF(</strong>International Monetary Fund<strong>), OECD(</strong>Organisation for Economic Cooperation and Development<strong>),<br>GATT(</strong>General Agreement on Tariffs and Trade<strong>)</strong>  -  GATT's primary purpose was to increase international trade by eliminating or reducing various tariffs, quotas and subsidies while maintaining meaningful regulations. </div><div>???????????????????<strong>JETRO -</strong> or the Japan External Trade Organization, is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established to promote Japanese exports abroad, JETRO's core focus now is  promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential. <br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-03 08:56:24 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310312873</guid>
      </item>
      <item>
         <title>Venezuela</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310312884</link>
         <description><![CDATA[<div><br></div><div>·      <strong> Caricom</strong> (Caribbean Community and Common Market </div><div>o   4 july 1973 </div><div>o   Promote economic integration and development among less developed countries. </div><div>·       <strong>CDB</strong> (Caribbean Development Bank </div><div>o   18. Oct. 1969 </div><div>o   Promote economic development and cooperation </div><div>·     <strong>  CELAC</strong> (Community of Latin American and Caribbean States) </div><div>23   Feb. 2010, established July 2011 </div><div>o   note - successor to the Rio Group and the Latin America and Caribbean Summit on Integration and Development </div><div>o   To deepen the integration within Latin American and to reduce the influence of the US in the politics and economics of that part of the world <br> </div><div>In order to promote regional integration and sustainable development, political cooperation, regional comprehensive agenda in forums: position the region to events of international scope; Promote dialogue with other States and regional organizations; Promote regional and subregional institutions for cooperation and communication between organizations, etc. <br><br></div><div>·      <strong> IADB</strong> (Inter-American Development Bank) </div><div>o   8 April 1959; effective - 30 December 1959 </div><div>o   to promote economic and social development in Latin America </div><div>·     <strong>  ICC</strong> (International Chamber of Commerce) </div><div>o   1919 </div><div>o   to promote free trade and private enterprise and to represent business interests at national and international levels </div><div>·     <strong>  ITUC</strong> (International Trade Union Confederation) </div><div>o   3 November 2006 </div><div>o   to promote the trade union movement </div><div>·       <strong>OPEC</strong>  </div><div>·       <strong>WDTU</strong> (World Federation of Trade Unions) </div><div>o   3. Oct. 1945 </div><div>o   to promote the trade union movement </div><div>·       <strong>WTO</strong> (World Trade Organization) </div><div>o   15 April 1994; effective - 1 January 1995 </div><div>o   to provide a forum to resolve trade conflicts between members and to carry on negotiations with the goal of further lowering and/or eliminating tariffs and other trade barriers <br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-03 08:56:27 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310312884</guid>
      </item>
      <item>
         <title>Mexico</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310313662</link>
         <description><![CDATA[<div>OECD (The organization for Economic Co-operation and Development)<br>NAFTA (North American Free Trade Agreement)<br>eliminated most tariffs on trade between Mexico, Canada and the United States, went into effect on Jan. 1, 1994.<br> </div><div>Purpose is to encourage economic activity between North America's three major economic powers. <br><br>The main goal of NAFTA is to eliminate barriers to trade and investment between the United States, Canada and Mexico.<br> - elimination of customs and passport barriers and stimulation of the movement of goods and services between the participating countries of the agreement;<br> - creating and maintaining<br>conditions for fair competition in the free trade zone;<br> - attracting investment to<br>the member countries of the agreement;<br> - creation of the basis for<br>future trilateral, regional and international cooperation in order to expand<br>and improve the Agreement;<br> - creation of a single<br>continental market. <br><br></div><div><br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-03 08:59:37 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310313662</guid>
      </item>
      <item>
         <title>France</title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310313805</link>
         <description><![CDATA[<div><strong>Monetary union</strong>, agreement between two or more states creating a single currency area. A  monetary involves the irrevocable fixation of the exchange rates of the national currencies existing before the formation of a monetary union. <br><br> </div><div><strong>Economic and Monetary Union (EMU)</strong></div><div> Economic and monetary union (EMU) is the result of progressive economic integration in the EU. It is an expansion of the EU single market, with common product regulations and free movement of goods, capital, labour and services. A common currency, the euro, has been introduced in the eurozone, which currently comprises 19 EU Member States. All 28 EU Member States — with the exception of the UK and Denmark — must adopt the euro after a minimum of two years’ participation in ERM II and fulfilment of the convergence criteria. A single monetary policy is set by the European Central Bank (ECB) and is complemented by harmonised fiscal and coordinated economic policies. Within EMU there is no single institution responsible for economic policy. Instead, responsibility is divided between Member States and various EU institutions. <br><br> </div><div><strong>Organisation for Economic Cooperation and Development (OECD</strong>)</div><div>14 December 1960; effective - 30 September 1961<br>to promote economic cooperation and development<br>members - (34) Australia, Austria, Belgium, Canada, Chile, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Luxembourg, Mexico, Netherlands, NZ, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, UK, US<br>special member - (1) EC <br><br> </div><div><strong>World Trade Organization (WTO)</strong></div><div>succeeded General Agreement on Tariff and Trade (GATT)<br>15 April 1994; effective - 1 January 1995<br>to provide a forum to resolve trade conflicts between members and to carry on negotiations with the goal of further lowering and/or eliminating tariffs and other trade barriers <br><br><strong>Group of 7 (G-7)</strong></div><div>membership is the same as the Big Seven<br>22 September 1985<br>to facilitate economic cooperation among the seven major noncommunist economic powers<br>members - (8) Group of 5 (France, Germany, Japan, UK, US) plus Canada, EU, and Italy<br><br><strong>Big Seven</strong></div><div>membership is the same as the Group of 7<br>1975<br>to discuss and coordinate major economic policies<br><strong>members</strong> - (7) Big Six (Canada, France, Germany, Italy, Japan, UK) plus the US</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-12-03 09:00:23 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310313805</guid>
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      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/juha_tormikoski/econintegration/wish/310315166</link>
         <description><![CDATA[Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK ]]></description>
         <enclosure url="" />
         <pubDate>2018-12-03 09:06:21 UTC</pubDate>
         <guid>https://padlet.com/juha_tormikoski/econintegration/wish/310315166</guid>
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