Regional Organisation Economic Development (Master, Doctorate)

EENI Business School & HA University


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Syllabus of the Online 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 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 GUAM's Member States

The eLearning Subject “Regional Organisation for Democracy and Economic Development (GUAM)” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Doctorates: Europe, Foreign Trade
  2. Masters: International Business, Foreign Trade, Economic Relations
  3. Courses: Eastern Europe, Central Eurasia

Learning materials in Master in International Business 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 Subject “GUAM”: 0.2 ECTS Credits

Online Student (Master International Business)

Example of the Online Subject - Regional Organisation for Democracy and Economic Development (GUAM):
Regional Organisation Economic Development (GUAM)





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Description of the Online Subject: 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 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. Customs duties elimination, as well as taxes and dues having equivalent effect, and quantitative limitations in mutual international trade
  2. Other international trade obstacles removal
  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 industry, agriculture, international transport, international finance, foreign direct investment, and fair competition
  5. Harmonisation of legislation

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. 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)


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