LAW 724 Lecture Notes - Lecture 4: Common External Tariff, European Union Competition Law, Chemins De Fer Et Transport Automobile

• School: Ryerson University
• Department: Law and Business
• Course: LAW 724
• Professor: Daniele Bertolini

Document Summary

Stages of economic integration: tariffs, dispute settlements. Consten & grunding v. ec, ecj, 1964 (vertical restraints) Stage 1: preferential trade area reduced in tariffs rates given to signatories: example: south asian preferential trade arrangement (sapta) Stage 2: free trade area tariff and non-tariff barriers to trade removed between signatories but individual barriers maintained for others. Therefore, the rules of origin are important: example: free trade agreement (nafta) Stage 3: customs union tariff and non-tariff barriers to trade removed between signatories and common external barriers for others. Therefore, the rules of origin between the members of the cu are not important: example: southern common market (mercosur) Stage 4: common market customs union along with common trade policies and free movement of goods, capital, services and labour but economic policy remains individualized as does currency: example: european economic community 1958 to 1993.