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International Organizations. Multi-national groups intended create for an economic purpose. Became policy on January 1, 1994 Agreement between United States, Canada and Mexico Primary focus is on trade. NAFTA .

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International organizations

International Organizations

Multi-national groups intended create for an economic purpose


Nafta

NAFTA


Nafta purpose

  • “Under the NAFTA, all non-tariff barriers to agricultural trade between the United States and Mexico were eliminated. In addition, many tariffs were eliminated immediately, with others being phased out over periods of 5 to 15 years.  This allowed for an orderly adjustment to free trade with Mexico, with full implementation beginning January 1, 2008.”

    - Foreign Agricultural Service

    www.fas.usda.gov

NAFTA - Purpose


Nafta overview
NAFTA - Overview

The primary function of NAFTA is to eliminate barriers to trade on this continent. Ideally, it expands the available market for domestic products.


Eu european union

  • Current form created in 1993

  • Focus is on stabilizing the European economy

  • Policies are intended to “ensure the free movement of people, goods, services and capital….” between member nations

EU – European Union



Eu purposes

  • Relaxation of borders = easier trade

  • Common currency 1999= less confusion in international transactions

    • Not all European countries use the Euro

  • Establish common goals related to defense, education, agriculture and the environment

EU - Purposes


International monetary fund imf

  • Established in 1945

  • Made up of 187 member nations

    • Same as the United Nations

  • Is essentially a component of the United Nations

  • Focus is on global economic stability

International Monetary Fund - IMF


Imf purpose

  • Stated objectives are to promote:

    • international economic cooperation

    • international trade

    • employment and

    • exchange rate stability

      • making resources available to member countries to meet ways to balance their debt payments

  • Works to stabilize:

    • World currencies

    • Exchange rates

IMF - Purpose



World bank wb

  • Established in 1945

  • Made up of 187 member countries

  • Essentially a component of the United Nations

  • Focus is on the elimination of poverty

World Bank - WB


World bank purpose

  • Focus ways to reduce poverty:

    • Increase investments in developing countries

    • Encourage international trade, particularly for developing countries

    • Invest in ways to develop infrastructure

      • Running water

      • Electricity

      • Roads/means of transportation

        • All of which increase commerce/trade

World Bank - Purpose



World trade organization wto

  • Established in 1995

  • Has 153 member countries

  • Focus is on the development and expansion of international trade

World Trade Organization - WTO


Wto purpose

  • It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other.

  • Will sometimes establish trade barriers – to protect consumers or prevent the spread of disease

  • Help trade flow as freely as possible

    -www.wto.org

WTO - Purpose



Organization of petroleum exporting countries opec

  • Established in 1960

  • Iran, Iraq, Kuwait, Saudi Arabia and Venezuela = founding members

    • Joined by Qatar, Libya, UAE, Algeria, Nigeria, Ecuador and Angola

  • Focus is on distribution of petroleum (oil)

Organization of Petroleum Exporting Countries - OPEC


Opec purpose

  • Stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations

  • Securing a steady income to the producing countries

  • Provide an efficient and regular supply of petroleum to consuming nations

  • Give a fair return on their capital to those investing in the petroleum industry

OPEC - Purpose


OPEC

Global production of Petroleum


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