Suchergebnisse

Free trade area between EEC and EFTA countries.

The North Atlantic economic region still encompasses the two strongest economic poles by far in an increasingly multipolar world economy. While the U.S. and EU markets are deeply interlinked, institutional integration among both actors, however, remains sketchy at best. Recently, talk about deeper institutional integration has resurfaced. Should the U.S. and the EU pursue this course in their so far lackluster bilateral dialogue? They may have to out of necessity. Close transatlantic economic relations cannot be taken for granted without effort. On the contrary, the costs of not integrating are rapidly growing: rival regionalism, economic burden shifting, rising protectionism and economic nationalism can put a severe strain on transatlantic economic relations, weakening both sides in the face of rising global competition.Therefore, a comprehensive agreement to create an integrated Atlantic Economic Area (AEA) that goes beyond the current bilateral dialogue and that includes conflict-prone sensitive and strategic sectors and issues should be given serious consideration.An economically resurgent Europe on the one hand, the ongoing shift in the global economic balance of power away from its traditional Atlantic predominance on the other hand might provide a window of opportunity in the next few years to pursue such a more ambitious approach to Atlantic integration: While less prone to charges of transatlantic ganging-up against emerging market countries than five or ten years ago, an AEA agreement might give a welcome competitive boost to American and European economies in an ever more challenging global economic environment, provided it does not foster new protectionist tendencies. (SWP-Research Papers / SWP)

Hauptbeschreibung: Regulation is one of the intensely debated big issues in developed market economies in general and within the European Economic Area in particular. To which extent regulation is reasonable and legitimate in the context of the European market economy and whether existing regulation is supported by strategies in the European Economic Area is the topic of this volume. Its eight contributions analyse three types of issues: the general role of regulation in the European Economic Area, the assessment of specific areas of European regulation (securities, consumer protection, anti-dis

On October 22, 1991, after exhaustive negotiations between the European Community (EC) and the Member States of the European Free Trade Association (EFTA) an agreement on the formation of the European Economic Area (EEA) was reached. Hence, the foundation was laid for an economic and social unit embracing 19 countries and about 380 million people, forming the world's largest economic bloc and a regional single market responsible for ca.40 percent of the world trade.The Agreement consists of a preamble and nine parts covering the objectives and principles, the four freedoms of movements of goods, persons, service and capital, provisions on competition and other common rules, horizontal policies relevant to the four freedoms, cooperation outside the four freedoms, institutional provisions, funding, and final provisions.