Regional Organization Economic Development

Subject (Course): The Regional Organization for Democracy and Economic Development (GUAM). Syllabus:

1. Introduction to the Regional Organization for Democracy and Economic Development (GUAM).
2. The structure of GUAM
3. The Business Council of the Regional Organization for Democracy
4. GUAM Free Trade Area.

The objectives of the subject "Regional Organization for Democracy and Economic Development (Guam)" are the following:

1. To understand the purposes and structure of the Regional Organization for Democracy and Economic Development (Guam)
2. To assess the benefits for member countries and areas of cooperation
3. To knowing the free trade area between GUAM's Member States

Sample of the subject - Regional Organization for Democracy and Economic Development (GUAM):

Subject Description - Regional Organization for Democracy and Economic Development (GUAM):

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

The observer countries are Turkey and Latvia.

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

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

1. Elimination of customs duties, as well as taxes and dues having equivalent effect, and quantitative limitations in mutual international trade
2. Removal of other obstacles to 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 Free Trade Area in the: industry, agriculture, international transport, international finance, foreign direct investment, and the fair competition
5. Harmonization 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 implementation of agreements finished within the framework of the Regional Organization for Democracy and Economic Development (GUAM), agreements on the development of cooperation among business circles and business entities of GUAM participating states.

1. GUAM is an organization that has Muslim and Orthodox Christian countries.
2. Regional Organization for Democracy and Economic Development (GUAM) is an inter-civilizational institution (Central Eurasian Economic Area of the Islamic Civilization and Orthodox Civilization)