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EU Economic Integration, EU as a final step - Coggle Diagram
EU Economic Integration
Zone of Free Trade
Integration of more than one national markets
independent economic systems with external countries remain
economic policies
monetary policies
budget policies
Common market
liberating trade
Exchange of goods
Services
Mobility of the workforce
exchange of capital
Shuman Declaration
Integration sectors between 6 founding countries
Treaty establishing the Eu economic community of 1957
Established in 1986 for the first time
Customs Union
removal of customs and quotas
keeping independent foreign trade
independent custom policies for trade with third countries
A Common Budget
created by extracting money from each country
Invested in the policies of the Union
dedicated to shortening the gap between the more and less advanced countries
EU as a final step