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Regional Trading Blocs

Regional Trading Blocs. Presented By : Ashish Maloo Abhinav Singla Naveen Pathak. www.powerpointpresentationon.blogspot.com. Trading Blocs. Also known as 'preferential trade agreement’ (PTA) Between a subset of countries

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Regional Trading Blocs

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  1. Regional Trading Blocs Presented By : Ashish Maloo Abhinav Singla Naveen Pathak www.powerpointpresentationon.blogspot.com

  2. Trading Blocs • Also known as 'preferential trade agreement’ (PTA) • Between a subset of countries • Significantly reduce or remove trade barriers within member countries • Also referred to preferential trade between country with presumably low cost of transportation

  3. Principal • It implies a reduction or elimination of barriers to trade • Discriminatory trade liberalization

  4. Motive • New regionalism • Standard trade policy concerns, such as competition, investments, labour and capital market considerations • Ensuring the credibility of the reform process • Reducing uncertainty and increasing credibility about political and economic developments

  5. ASEAN Asean Secretariat building established on 9 May 1981

  6. ASEAN’s Member Countries

  7. Goals of ASEAN • To accelerate the economic growth, social progress and cultural development in the region through joint endeavors • To promote regional peace and stability through abiding respect for justice and the rule of law • To promote Southeast Asia as a single tourism destination

  8. Agreements • Treaty of Amity and Cooperation in Southeast Asia (1976) • Treaty on the Southeast Asia Nuclear Weapon-Free Zone15 December 1995 • ASEAN Free Trade Area Launched in January 1992 • The Chiang Mai Initiative • Functional Co-operation

  9. ASEAN Regional Forum • Confidence-building • Preventive diplomacy • Conflict resolution

  10. Integrating ASEAN

  11. SINGAPORE-KUNMING RAIL-LINK

  12. SAARC

  13. Member Countries India Bangladesh Bhutan Maldives Nepal Pakistan Sri Lanka Afghanistan  founded in December 1985

  14. Goal • Promote the welfare of the people of South Asia and to improve their quality of life • Accelerate economic growth, social progress and cultural development in the region • Contribute to mutual trust, understanding and appreciation of one another's problems

  15. Continued… • Strengthen cooperation with other developing countries • Strengthen cooperation among themselves in international forums on matters of common interest

  16. Structure • Secretariat established in Kathmandu on 16 January 1987 • Regional Centres 12 regional centres in member states

  17. Work and forum • Political issues • Free trade agreement • Dhaka 2009 Summit • SAARC Youth Award • South Asian Federation of Accountants(SAFA)

  18. Secretaries General

  19. NAFTA

  20. NAFTA • A trilateral trade between Canada, Mexico and US • The agreement came into force on January 1 1994 • Administers the mechanisms specified under the NAFTA to resolve trade disputes between national industries and/or governments in a timely and impartial manner

  21. Secretariat The NAFTA Secretariat is comprised of three sections :- • The Canadian Section located in Ottawa • The Mexican Section located in Mexico City • The United States Section located in Washington, D.C.

  22. Focus • Trade • Industry • Environment • Agriculture • Mobility of persons

  23. Impact and Reforms • Canadian disputes • Change in income trust taxation • U.S. deindustrialization • Impact on Mexican farmers • Impact of NAFTA on Canada

  24. European Union

  25. What is the EU ? • A “family” of 27 European countries • Largest economic body in the world • World’s most open market for goods and commodities from developing countries • 9 May 1950: Schuman calls for a European Coal and Steel Community • 6 founding States decide to share and co-manage coal and steel

  26. Member countries

  27. Some historical developments The Euro • A single European currency Introduced in 2002 • 15 countries use the Euro today • One side of the coins is different in each Euro country, the other is the same for all

  28. EU Institutions • European Commission • Council of the European Union • European Parliament • European Court of Justice

  29. OPEC

  30. The Organization of Petroleum Exporting Countries (OPEC) • It was established in September 1960, Baghdad, Iraq • Founder : Iran, Iraq, Kuwait, Saudi Arabia and Venezuela • Headquarters: Vienna • OPEC members' national oil ministers meet regularly to discuss prices and, since 1982, to set crude oil production quotas

  31. Member Countries

  32. OPEC’S OBJECTIVE • Its emphasizes that the Organization seeks to achieve stable oil prices. • Its also refer to the need of secure. • An efficient, economic and regular supply of petroleum to consuming nations

  33. Member Countries The Organization has total of 12 member countries like, Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela

  34. WTO

  35. WTO • Location:- Geneva, Switzerland • Established: 1 January 1995 • Created by: Uruguay Round negotiations (1986-94) • Membership: 153 countries (on July 2008) • 2007 Secretariat staff: 625 • Head: Director-General, Pascal Limy

  36. Spread Outs

  37. WTO Structure Committee on Budget Committee on T&D Council for Service Trade related Intellectual Property rights Council

  38. Thank you for attention Go Global……..

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