INTB 1203 Lecture Notes - Lecture 7: German Federal Bank, European Central Bank, Bengal Premier League Soccer
16 Dec 2016
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Gain political strength as an economic group. Higher-cost producers in fta replace lower-cost producers outside fta (cheaper sugar formerly imported into us from. Brazil now imported at higher cost from nafta partner, mexico) Low-cost producers in free trade area (fta) replace higher-cost domestic producers (mexican textiles imported into us to replace. Low-cost producers in free trade area replace higher- cost producers. The eu"s political institutions: who, where, and why. European commission: legislative role: proposes, implements, monitors compliance with laws; sets competition policy; most powerful body, 18 commissioners appointed by member states, rotates among 28 member countries, hq in brussels, belgium, 23,000 employees. European parliament: consultative body that debates but does not propose legislation, can propose amendments, but not binding, and can veto some laws (e. g. , eu budget) Eu laws: 754 members directly elected by citizens of each country, 2009 treaty of lisbon made ep co-equal legislator with commission for most.
