Economic and monetary union
Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic integration.During this time, the main member presiding over this decision was Pierre Werner, Prime Minister of Luxembourg.Thereafter, the role of the leaders is to find a suitable way to implement the economists' work into their country's policies.Maintaining price stability is a long-term goal for all states in the EU, due to the effects it might have on the Euro as a currency.The member countries respect the decisions made by the EMU and ensure that their actions will be in favor of a stable market.
World tradePolicyImportExportBalance of tradeTrade lawTrade pactTrade blocTrade creationTrade diversionExport orientationImport substitutionTrade financeTrade facilitationTrade routeDomestic tradeRestrictionsTrade barriersTariffsNon-tariff barriersImport quotasTariff-rate quotasImport licensesCustoms dutiesExport subsidiesTechnical barriersBriberyExchange rate controlsEmbargoSafeguardsCountervailing dutiesAnti-dumping dutiesVoluntary export restraintsHistoryMercantilismProtectionismLaissez-faireFree tradeEconomic nationalismEconomic integrationInternational Monetary FundInternational Trade CentreWorld Trade OrganizationWorld Customs OrganizationInternational Chamber of CommercePreferential trading areaFree-trade areaCurrency unionCustoms unionSingle marketEconomic unionFiscal unionCustoms and monetary unionIntellectual property rightsSmugglingCompetition policyGovernment procurementOutsourcingGlobalizationFair tradeTrade justiceEmissions tradingTrade sanctionsCurrency warTrade costsTrade warTrade and developmentImportsExportsLargest consumer marketsLeading trade partnersTrade missionTrading nationUnited StatesArgentinaPakistanRomaniaVietnamComparative advantageCompetitive advantageHeckscher–Ohlin modelNew trade theoryEconomic geographyIntra-industry tradeGravity model of tradeBalassa–Samuelson effectLinder hypothesisLeontief paradoxLerner symmetry theoremTerms of tradecommon marketmonetary uniontariffLatin Monetary UnionEuropean Unionde factoSchengen AreaTerritories of the United StatesAustralian External TerritoriesNew Zealandmarketcustoms territoriesPierre WernerPrime Minister of LuxembourgEconomic and Monetary Union of the European UnionMaastricht Treatyeuro areaEurozoneEastern Caribbean Currency UnionEast Caribbean dollarEconomic and Monetary Community of Central AfricaCentral African CFA francWest African Economic and Monetary UnionWest African CFA francGulf Cooperation CouncilKhaleejifinancial crisis of 2007–2008East African CommunityEast African shillingEast African FederationCaribbean Single Market and EconomyCARICOMSouthern African Customs UnionSouth African RandSouthern African Development CommunitySouthern Africa Customs Union