TXC 174 (book for final)

TXC 174 (book for final) - CH. 08:46

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CH. 7 Europe and European Union 08:46 -people in Europe sought to create econ and industrial unity a long time ago -went thru many treaties and negotiation  supranational organizations-members give up a portion of their control over  selected policies and allows the organization to compel compliance with its  mandates -European countries sees the need to take common political positions to  compare to US -larger market promote competition greater productivity higher lv of living -1 st  with econ and industrial integration  -Belgium, Luxembourg and Netherlands=leaders in trade integration  Created free trade area encompassing the 3 countries Forming the BCU (Benelux customs union) Tariff and quota free -France and west Germany proposed industrial unification of coal and steel  industry to ECSC (European coal and steel community) -UK declined to participate
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-ECSC formed the EEC (European econ community) aka common market gradual elimination of import duties and quote among member nations common external tariff system common policies regarding transportation, agriculture etc  -UK wants a free trade area; formed EFTA (European free trade assocation elmination of tariffs in industrial products -ECSC and EEC formed EC (European community) implemented econ features of EEC  Maastricht Treaty became the European Union (EU-12) Expand cooperation regarding trade, social issues, foreign policy, security,  defense, and judicial issue Implement single currency for members  EU-12 and EFTA joined  EEA (European econ area)
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TXC 174 (book for final) - CH. 08:46

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