Deep Integration

Deep integration in Global Commerce Policy

In this regard, a definition of this issue is as follows: the integration by two or more countries of national policy frameworks that usually are the preserve of national governments. These include competition policy, technical standards, subsidies, monetary and fiscal policies, regulation and supervision of financial institutions, environmental issues, government procurement and more. The European Community has moved ahead farthest in deep integration, most recently through the establishment of the Single Market and the implementation of measures deriving from the Treaty of Maastricht, but ANZCERTA and NAFTA are also examples of deep integration. The entries on trade policy are here. A contrast is usually drawn with shallow integration which may range from a preferential trade area to a customs union or free-trade area, but where each member retains a completely free hand concerning all other policies. Shallow integration also promotes a degree of harmonization of policies as has happened in the multilateral trading system. See also European Community Single Market, negative integration and positive integration.[1]

Deep integrationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Deep integration” entry (OAS)

See Also