Lecture Slides on Trade in Europe and the EU | IN 312, Study notes of International Business

Download Lecture Slides on Trade in Europe and the EU | IN 312 and more Study notes International Business in PDF only on Docsity! 2/8/2009 1 IN312 International Trade Chapter 7 Department of International Trade & Marketing (ITM) http://www3.FITnyc.edu/ITM Trade in Europe & the EU European Union Members and Candidate Countries 1963 France blocked twice entry of UK 2008 Greece might block Turkey’s entry New EU constitution accepted by 18 members, but: - rejected by France and Holland (2008) - and Ireland (2008) EU Challenges… - not voted yet: England, Czech Republic Recurring challenges: - 2008-200? Global Recession - constitutional treaty - harmonizing laws and modernizing economies - immigration - aging population Steps on European Integration 1948 Benelux custom union free-trade area formed Belgium, Luxemburg, Netherlands 1950 European Coal & Steel Community (EEC) formed Belgium, France, Italy, Luxemburg, Netherlands, W. Germany 1957 European Economic Community (EEC) Common Market formed by ECSC Belgium, France, Italy, Luxemburg, Netherlands, W. Germany 1960 European Free Trade Asso. (EFTA) formed Austria, Denmark, Norway, Portugal, Sweden, S i l d U Kw tzer an , . . 1967 European Community (EC) formed by merger of EEC and ECSC Belgium, France, Italy, Luxemburg, Netherlands, W. Germany 1993 European Union (EU) officially formed, EU-12 Belgium, Denmark, France, Greece, Ireland, Italy, Luxemburg, Netherlands, Portugal, Spain, W. Germany, U.K. 1995 EU-15 adopted the Euro 12 countries adopt Euro