eLearning Course: Regional Organisation Economic Development

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Syllabus of the eLearning Course (Subject): Regional Organisation for Democracy and Economic Development (GUAM).

  1. Introduction to the Regional Organisation for Democracy and Economic Development (GUAM)
  2. Structure of GUAM
  3. Business Council of the Regional Organisation for Democracy
  4. GUAM Free-Trade Area

The objectives of the Online Course / Subject “Regional Organisation for Democracy and Economic Development (GUAM)” are the following:

  1. To understand the purposes and structure of the Regional Organisation for Democracy and Economic Development (GUAM)
  2. To assess the benefits for the member countries and areas of cooperation
  3. To know the free-trade area between the GUAM's Member States
The eLearning Course (Subject) “Regional Organisation for Democracy and Economic Development (GUAM)” is part of the following Online Higher Education Programs (Bachelors, Master of Science, Doctorates) taught by EENI Business School & HA University:
  1. Bachelor of Science in International Trade (eLearning)
  2. Doctorate: Europe, Foreign Trade and International Marketing
  3. eLearning Masters of Science (MSc): International Business, Foreign Trade, Emerging Markets, Economic Relations
  4. Online Courses: Eastern Europe, Central Eurasia

Languages of study Online Higher Education in English or Study Master Doctorate Business in Spanish Organización Regional para la Democracia y el Desarrollo Económico (GUAM) Study, Master in International Business in French Organisation régionale pour la démocratie et le développement économique (GUAM)

Credits of the Online Course / Subject “GUAM”: 0.2 ECTS Credits

Online Student (Master International Business)

Sample of the e-learning Course / Subject - Regional Organisation for Democracy and Economic Development (GUAM):
Regional Organisation Economic Development (GUAM)





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Description of the Course / Subject (Online Learning): Regional Organisation for Democracy and Economic Development (GUAM)

The Organisation for Democracy and Economic Development (GUAM) is a regional body of four states: Azerbaijan, Georgia, Moldova, and Ukraine (Europe).

Turkey and Latvia are observer countries.

The Free-Trade Area between the GUAM's Member States entry into force in 2003.

The Regional Organisation for Democracy and Economic Development Member countries should cooperate in establishing the free trade area to grant the:

  1. Elimination of the customs duties, as well as taxes and dues having equivalent effect, and quantitative limitations in mutual international trade
  2. Removal of other obstacles to the international trade
  3. Establishment and development of efficient system of mutual settlement of accounts and payments in international trade
  4. Cooperation in conducting foreign trade and economic policy to reach the goals of the Free-Trade Area in the industry, agriculture, international transport, international finance, foreign direct investment, and the fair competition
  5. Harmonisation of the legislation of the contracting members to the extent necessary for the proper and efficient functioning of free trade

The GUAM Business Council facilitates the implementation of the agreements finished within the framework of the Regional Organisation for Democracy and Economic Development (GUAM), agreements on the development of cooperation among business circles and business entities of GUAM participating states.

  1. The GUAM is an organisation that has Muslim and Orthodox countries
  2. The Regional Organisation for Democracy and Economic Development (GUAM) is an inter-civilisation institution (Central Eurasian Economic Area (Islamic Civilisation) and Orthodox Civilisation)

(c) EENI Business School & HA University