Download file to see previous pages...
Citizens of these countries are allowed to move freely hence able to provide there services in any of the member states without much restrictions.
However, there are a number of legislations which impede trading between European Union members and non member states (Federation of American Scientists). There are requirements provided by EU which affects rights to trade for member states. For instance democracy should be upheld, stable institutions, respect for human rights and rule of law. The country must be able to cope with market forces and competition existing within the union.
The union members are also to observe environmental issues before trading. Furthermore as a contribution to a sustainable environment, EU members have to observe certain guidelines before trading with other non member countries. If these countries do not meet the requirements then there will be no trading between the countries. In support of reduction in greenhouse gas emission EU ensures special tariff rates for countries that have ratified global environmental agreements (Europa). In addition there are a number of criteria which have to be observed by EU countries before issuing trading licenses to non member countries. These criteria to a greater extend impede trading. They include abiding by international commitments such as sanctions, respect for human rights and national security of nations etc.
There have been efforts by the European Union to ensure that third countries develop democratic parliamentary institutions. Respect for fundamental rights and democratic principles are laid down as “essential element to all the agreements reached upon by the respective governments
(European Commission). As much as these principles are essential in addressing pertinent issues in the society it hinders trade between nations. Member states from EU may shun from trading
...Download file to see next pagesRead More
What could be the expected positive and negative effects of European Monetary Union on a member country's economy?
The development of an economic framework that would be common for all member states has been included in the objectives of European Union founders.
U.S. trade with the European Union
The history of international trade dates back to the ancient times. The Egyptians and the Roman Empire were involved in trade of goods with other nations thousands of years BC. During the 17th and 18th century a movement called mercantilism surged in Europe which increased the importance of international trade.
This means that the monarch could and cannot overrule the parliament in its decisions. However, there are limitations to this supremacy. For example, according to Dicey, the general rule prevails that the laws that the Parliament has already passed do not bind the Parliament or its successors; they can alter them to suit different circumstance1.
Today, discussions center on a European Constitution which has gained impetus with the highly controversial speech of German foreign minister Joschka Fischer at the Humboldt University (Siller 2000).
Whether the European Union (EU) needs a constitution or not has been tackled from various angles by the different states in terms of what the future has in store for them.
The common commercial policies are an important step towards safeguarding the interests of the region particularly while dealing with the outside world. After the treaty of Rome, a need was being felt to serve the interests of the customs union with a Common Customs Tariff (CCT) to deal with the third parties (Bretherton & Vogler, 1999).
Since then the EU has grown in size through the accession of new member states and has increased its powers by the addition of new policy areas to its remit. The Common Agricultural Policy (CAP) is one the oldest policies of the European Community and was one of its core aims (Stead & Whaples 2007).
standing how these standards can both benefit the environment and benefit the nation in question, the following brief discussion will be concentric upon these two points. Through such a discussion, the reader can come to a more informed understanding with respect to the way in
This aims at creating a spacious new market access opportunities in both investment and services. The agreement will benefit both countries in all aspects. This paper takes the thesis statement that both countries will benefit from the Canada-European Union trade agreement (CETA).
Law researchers initially pronounced the principle of sovereignty in the mid-19th century. Nonetheless, in the post-war UK times past, particularly the most recent history, the practice of parliamentary sovereignty has been subjected to immense