Economic union in the context of "European Union"

A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move between the countries, in addition to a free trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration.

Customs unions are a special type of free trade area. All such areas have internal arrangements which parties conclude in order to liberalize and facilitate trade among themselves. The crucial difference between customs unions and free trade areas is their approach to third parties. While a customs union requires all parties to establish and maintain identical external tariffs with regard to trade with non-parties, parties to a free trade area are not subject to this requirement. Instead, they may establish and maintain whatever tariff regime applying to imports from non-parties as deemed necessary. In a free trade area without harmonized external tariffs, to eliminate the risk of trade deflection, parties will adopt a system of preferential rules of origin.

The United Nations Partition Plan for Palestine was a proposal by the United Nations to partition Mandatory Palestine at the end of the British Mandate. Drafted by the UN Special Committee on Palestine (UNSCOP) on 3 September 1947, the Plan was adopted by the UN General Assembly on 29 November 1947 as Resolution 181 (II). The resolution recommended the creation of independent but economically linked Arab and Jewish States and an extraterritorial "Special International Regime" for the city of Jerusalem and its surroundings.

The Partition Plan, a four-part document attached to the resolution, provided for the termination of the Mandate; the gradual withdrawal of British armed forces by no later than 1 August 1948; and the delineation of boundaries between the two States and Jerusalem at least two months after the withdrawal, but no later than 1 October 1948. The Arab state was to have a territory of 11,592 square kilometres, or 42.88 percent of the Mandate's territory, and the Jewish state a territory of 15,264 square kilometres, or 56.47 percent; the remaining 0.65 percent or 176 square kilometres—comprising Jerusalem, Bethlehem and the adjoining area—would become an international zone. The Plan also called for an economic union between the proposed states and for the protection of religious and minority rights.

The Treaty of Guarantee is a treaty between Cyprus, Greece, Turkey, and the United Kingdom that was promulgated on 16 August 1960.

Article I banned Cyprus from participating in any political union or economic union with any other state. Article II requires the other parties to guarantee the independence, territorial integrity, and security of Cyprus.Article IV reserves the right of the guarantor powers to take action to re-establish the current state of affairs in Cyprus, a provision that was used for the Turkish invasion of 1974. The treaty also allowed the United Kingdom to retain sovereignty over two military bases, Akrotiri and Dhekelia.

The Eurasian Economic Union (EAEU or EEU) is an economic union of five post-Soviet states located in Eurasia. The EAEU has an integrated single market. As of 2023, it consists of 183 million people and a gross domestic product of over $2.4 trillion.

The Treaty on the Eurasian Economic Union was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan, and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October and 23 December 2014, respectively. Armenia's accession treaty came into force on 2 January 2015. Kyrgyzstan's accession treaty came into effect on 6 August 2015. Kyrgyzstan participated in the EAEU from the day of its establishment as an acceding state.

The Cooperation Council for the Arab States of the Gulf (Arabic: مجلس التعاون لدول الخليج العربيّة), also known as the Gulf Cooperation Council (GCC; Arabic: مجلس التعاون الخليجي), is a regional, intergovernmental, political, and economic union and military alliance comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The council's main headquarters is located in Riyadh, the capital of Saudi Arabia. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution.

All current member states are monarchies, including three constitutional monarchies (Qatar, Kuwait, and Bahrain), two absolute monarchies (Saudi Arabia and Oman), and one federal monarchy (the United Arab Emirates, which is composed of seven member states, each of which is an absolute monarchy with its own emir). There have been discussions regarding the future membership of Jordan, Morocco, and Yemen. Iraq is the only Gulf Arab state that is not a GCC member.

A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area. Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.