Economic union

List of economic unions

• CARICOM Single Market and Economy
• Central American Common Market - Common market since 1960, customs union since 2004.
• Eurasian Economic Union - Customs union since 2010, common market since 2012.
• European Union (EU) - Economic union of 27 European states, but only 20 are inside the Eurozone are also part of an economic and monetary union.
• European Economic Area (EEA) - Economic area between European Union and EFTA member states (except Switzerland).
• Gulf Cooperation Council
• Mercosur

Note: Every economic and monetary union includes an economic union.

Additionally the autonomous and dependent territories, such as some of the EU member state special territories, are sometimes treated as separate customs territory from their mainland state or have varying arrangements of formal or de facto customs union, common market and currency union (or combinations thereof) with the mainland and in regards to third countries through the trade pacts signed by the mainland state.

Proposed

• African Economic Community (AEC) - proposed for 2023
• Andean Community (CAN)
• Arab Customs Union and Common Market - proposed for 2020
• CANZUK
• Central American Common Market (CACM)
• Closer Economic Relations of Australia and New Zealand
• East African Community (EAC) - extension of existing customs union proposed in 2015
• Economic Community of Central African States (ECCAS)
• Economic Community of West African States (ECOWAS)
• Southern African Development Community (SADC) - proposed in 2015
• Union of South American Nations (USAN)

References

References

1. (2020-01-01). "A theory of economic unions". Journal of Monetary Economics.
2. Established by the [[Treaty of Chaguaramas]] in force from 1973-8-1 [http://docsonline.wto.org/DDFDocuments/t/WT/REG/92rb1.doc WT/REG92/R/B/1] {{webarchive. link. (2009-03-27)
3. Established by the [[Treaty of Rome]] in force from 1958-1-1. [http://docsonline.wto.org/DDFDocuments/t/WT/REG/138-2.doc WT/REG138/2] {{Webarchive. link. (2012-01-12)
4. [http://news.bbc.co.uk/2/hi/middle_east/7166549.stm Gulf states form common market], BBC News. Retrieved 20 June 2016.
5. (3 January 2015). "GCC customs union fully operational". The Peninsula.
6. EU [[Overseas Countries and Territories. Overseas countries]] and some other territories participate partially in the EU single market per [http://eur-lex.europa.eu/en/treaties/dat/12002E/htm/C_2002325EN.003301.html part four of the Treaty Establishing the European Community]; Some EU Outermost regions and other territories use the [[Euro]] of the [[currency union]], others are part of the [[European Union Customs Union. customs union]]; some participate in both unions and some in neither.
   [[Territories of the United States]], [[Australian External Territories]] and [[Realm of New Zealand]] territories share the [[currency union. currency]] and mostly also the [[single market. market]] of their respective mainland state, but are generally not part of its [[customs territory]].
7. Twelfth Andean Presidential Council [http://www.comunidadandina.org/INGLES/documentos/documents/Act10-6-00.htm Act of Lima] {{webarchive. link. (2010-07-07)
8. "Leaders set to approve Arab customs union".