| A | B |
|---|
| Treaty of Rome | original agreement that established foundation for formation of European Economic Community |
| Common Agricultural Policy (CAP) | integrated system of subsidies and rebates applied to agricultural interests in the EU |
| Single European Act | legislative basis for European integration |
| Maastricht Treaty | 1991, not signed until 1993; European community members agreed to specific timetable and set of necessary conditions to create single currency for EU countries |
| European Union | Jan 1, 1994; 12 member countriesd of European community (27 now) |
| Fortress Europe | suspicion raised by trading partners of Western Europe who claim that the integration of EU may result in increased restrictions on trade and investment by outsiders |
| Maquiladoras | Mex. border factories make goods & parts or process food for export back to US; benefit from lower labor costs |
| Caribbean Basin Initiative (CBI) | extended trade preferences to caribbean countries, granted special access to markets of US |
| Cartel | association of producers of good, consisting of private firms / of nations; formed for purpose of supressing market forces affecting price |
| Commodity Price Agreement | involving both buyers & sellers to manage price of prticular commodity; often only when price moves outside predetermined range |
| Buffer Stock | stock of commodity kept on hand to prevent shortage in times of unexpectedly great demand; under int'l commodity & price agreements, stock controlled by elected or appointed manager for purpose of managing price of commodity |
