Question

In: Economics

The main aspect of the European Union is the realization of a Euro-Mediterranean free trade area,...

The main aspect of the European Union is the realization of a Euro-Mediterranean free trade area, in accordance with the rules of
Select one:
a. the a and b
b. the International Monetary Fund
c. the World Trade Organization
d. all of the above
e. The United Nations
F. None of the above
g. the European Central Bank
h. the World Bank

Solutions

Expert Solution

Ans. F is correct. None of the above.

Euro-Mediterranean free trade area is actually realized in accordance with the rules of origin (PEM convention). This agreement allows the european union and it's signed partners from Southern Mediterranean countries to enjoy free trade and investment without any strict trade barriers.  

Other options are not related to this agreement.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

What are some of the concerns if the european union decides to sign a free trade...
What are some of the concerns if the european union decides to sign a free trade agreement with the United states? Explain in detail.
The difference between a free trade area and a customs union is, in brief, that the...
The difference between a free trade area and a customs union is, in brief, that the first is politically straightforward but an administrative headache, while the second is just the opposite. Consider first the case of a customs union. Once such a union is established, tariff administration is relatively easy: Goods must pay tariffs when they cross the border of the union, but from then on can be shipped freely between countries. A cargo that is unloaded at Marseilles or...
Discuss the reasons for the adoption of the euro by the European Union (EU) members and...
Discuss the reasons for the adoption of the euro by the European Union (EU) members and state the conditions for entry into the economic and monetary union (EMU).
The European Union promotes the benefits of the euro as a common currency for the 19...
The European Union promotes the benefits of the euro as a common currency for the 19 EU nations that have adopted it. What are possible disadvantages of using a common currency?
The European Union promotes the benefits of the euro as a common currency for the 19...
The European Union promotes the benefits of the euro as a common currency for the 19 EU nations that have adopted it. What are possible disadvantages of using a common currency?
a. Trade agreements i. How does a customs union differ from a free-trade area? Provide an...
a. Trade agreements i. How does a customs union differ from a free-trade area? Provide an example of each. ii. Why do some economists argue in favour of multilateral trade agreements over regional trade agreements? b. What are the likely implications of Brexit after the end of the transition period for international trade between the UK and the EU? Explain.
Giving an example of each, what are the differences between a Free Trade Area, Customs Union,...
Giving an example of each, what are the differences between a Free Trade Area, Customs Union, Common Market and Economic Union? Explain clearly. be as clear and specific as possible
What is the difference between the “European Union” and the “Euro Zone”? In your response, be...
What is the difference between the “European Union” and the “Euro Zone”? In your response, be sure to explain the origins/histories and current challenges facing these two groups of countries.
1. The currency of the European Union is the Euro (€). Consider a 2.0% annual interest...
1. The currency of the European Union is the Euro (€). Consider a 2.0% annual interest rate in the United States, 0.0% interest rate from the European Central Bank (ECB), a spot exchange rate of 1.117 $ per €, and a futures exchange rate for 1.140 $ per € for delivery 12 months from now. If you were to take $1,000,000 from the U.S. and deposit in a European bank for one year, you would be able to conduct the...
Economics 1 What are the differences between a free trade area, customs union, common market, and...
Economics 1 What are the differences between a free trade area, customs union, common market, and economic union? Do any RTAs fit completely within one of these models of integration? 2 In what ways is the EU a unique RTA? What are some of the problems confronting the EU today?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT