Single monetary policy & regional independent financial policy
③ Tolerant attitude to Euro members
▲ Give small penalty to them who violate SGP(stability andgrowthpact)
▲ Expand recruiting members for political intension
④ Inadequacy of contingency plan
▲ overall measures are incomplete
⑤ Vulnerable to contagion effect
▲ Correlation between EMU is high
and iodine producer and growing source of gold and non-metallic minerals. Its economic size is relatively small and trade between the two countries is only a small percentage of South Korea’s total trade (Kim,S.Y. 2003:18).
2. Process for the Korea-Chile FTA
Before the FTA, South Korea and Mongolia were the only two members of the WTO with no bilateral trade pacts. In 1998, Korea Institute
Luiz Inácio Lula da Silva born 27 October 1945, known popularly as Lula, served as the 35th President of Brazil from 2003 to 2011.
A founding member of the Workers' Party (PT – Partido dos Trabalhadores), he ran for President three times unsuccessfully, first in the 1989 election. Lula achieved victory in the 2002 election, and was inaugurated as President on 1 January 2003. In the
the relationship between different FTAs regarding the rules of origin — sometimes different FTAs supplement each other, in other cases there is no cross-cumulation between the FTAs.
A free trade area is a result of a free trade agreement (a form of trade pact) between two or more countries. If some countries sign agreement to form free trade area and choose to negotiate together (either
5. History of US-Korea FTA
Although the treaty was signed on June 30, 2007, ratification of the agreement stalled when President George W. Bush's fast-track trade authority expired and a Democrat-controlled U.S. Congress expressed objections to the treaty related to concerns over bilateral trade in automobiles and U.S. beef exports. Nearly three years later, on June 26, 2010, President Barack Ob