Regional Organisations - Notes
Regional Organisations - Notes
Regional Organisations - Notes
Organisations -
Notes
Political Science
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European Union
The European Union (EU) is a supranational political and economic union of 27 member
states that are located primarily in Europe.
The EU was created by the Maastricht Treaty (1992), which entered into force in 1993.
The headquarters is in Brussels.
Treaty of Paris (1951) founding the European Coal and Steel Community.
Treaties of Rome (1957) signed, it creates the Common Market / European Economic
Community (EEC) and European Atomic Energy Community. It came into effect in 1958.
The Single European Act (SEA), which entered into force in 1987, significantly expanded
the EEC’s scope.
In 1992 Maastricht Treaty was formally called the Treaty on European Union. The
European Union is born, and Euro was introduced as a fellow currency.
The Treaty of Amsterdam was signed in 1997 and came into force in 1999, building on the
social protocol of the Maastricht Treaty.
The Treaty of Nice signed in 2001 and entered into force in 2003, for the admission of new
members from Eastern Europe, contained major reforms.
Lisbon Treaty signed in 2007, modified the constitution, and it contains a clause under
Article 50, providing for a member to leave the EU. It came into effect in 2009.
Croatia was the last to join the bloc in 2013.
The United Kingdom, which had been a founding member of the EU, left the organization
in 2020.
Monetary Union - EU also includes a monetary union, which was established in 1999 (and
went into effect in 2002), and 19 EU countries use the euro currency. 8 EU members
(Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden) do not
use the euro.
Schengen Agreement (1985)- It paved the way for the creation of open borders without
passport controls between most member states. It was effective in 1995. Of the 27 EU
member states, 22 participate in the Schengen Area. Of the five EU members that are not
part of the Schengen Area, four—Bulgaria, Croatia, Cyprus, and Romania—are legally
obligated to join the area in the future; Ireland maintains an opt-out.
African Union
ASEAN
In 1967 ASEAN was established by signing the ASEAN Declaration (Bangkok Declaration)
by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore, and
Thailand.
Brunei Darussalam joined ASEAN in 1984
Vietnam in 1995
Lao PDR and Myanmar in 1997
Cambodia in 1999
ASEAN Summit: The supreme policy-making body of ASEAN. As the highest level of
authority. Under the Charter, the Summit meets twice a year.
The First ASEAN Summit was held in Bali, Indonesia in 1976.
In 1976, the members signed the Treaty of Amity and Cooperation in Southeast Asia,
which emphasizes mutual respect and non-interference in other countries' affairs.
In 1992, members created the ASEAN Free Trade Area (AFTA) with the goal of creating a
single market.
In 2007, the ten members adopted the ASEAN Charter, a constitutional document that
provided the grouping with legal status and an institutional framework. It came into
force in 2008.
In 2007, the Cebu Declaration, accelerated the establishment of the ASEAN Community by
2015.
In 2015, the Launch of the ASEAN Community, which include:
ASEAN Political-Security Community
ASEAN Economic Community
ASEAN Socio-Cultural Community
MERCOSUR
It is a full customs union and a trading bloc with members Argentina, Brazil, Paraguay,
and Uruguay.
It is a South American trade bloc established by the Treaty of Asunción in 1991 and the
Protocol of Ouro Preto in 1994.
Venezuela was suspended from membership in 2016 for a “rupture of democratic order”
in the country.
Bolivia, Chile, Peru, Colombia, Ecuador, and Suriname are its associate members.
Observer countries are New Zealand and Mexico.
Its purpose is to promote free trade and the fluid movement of goods, people, and
currency.
India and the Mercosur bloc have stepped up efforts to expand their preferential trade
agreement to make greater inroads into the other’s market.
It has signed free trade agreements with Israel, Egypt, Japan and the European Union,
among others