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INT ECONOMIC ORGANIZATIONS IN DETAIL - 04

PUBLISHED BY: SURENDER KUMAR
SEPTEMBER 15, 2013

   
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INT ECONOMIC ORGANIZATIONS IN DETAIL - 04

 INTERNATIONAL ECONOMIC ORGANIZATIONS IN DETAIL - 04

 

INTERPOL

 

Interpol is the world's largest international police organisation, with 188 participating countries. Created in 1923, it promotes cross-border police co-operation and sup­ports all organisations which seek to prevent or combat international crime.

 

HQ: France

Mercosur

 

Mercosur is South America's leading trad­ing bloc. Known as the Common Market of the South, it aims to have free movement in goods, capital, services and people among its participant countries.

 

North Atlantic Treaty Organisation (NATO)

 

Created in 1949 to tackle post-war expansion of communism by the So­viet Union, NATO is the world's most powerful regional defence alliance. The organi­sation expanded to include Greece and Tur­key in 1952 and West Germany in 1955. However, the alliance is militarily dominated even now by the USA.

 

The Czech Republic, Hungary and Poland became the first former Warsaw Pact coun­tries to gain NATO membership in 1999. The next historic step was in 2004 when Es­tonia, Latvia and Lithuania along with Slovenia, Slovakia, Bulgaria and Romania were inducted as NATO members.

 

HQ: Brussels, Belgium

Members: 28

 

Organisation of American States (OAS)

 

The Organization of American states aims to foster democracy, security, human rights and economic integration among its members. Its Charter was adopted in 1948 in Bogota. There are 34 members.

 

HQ: Washighton, D.C.

 

Organisation for Economic Co-operation and Development (OECD)

 

Organisation for Economic Co-operation and Development (OECD) was formed in 1961 to replace the Organisation for Euro­pean Economic Co-operation (OPEC) which was started after World War II for the reconstruction of war-ravaged Eu­ropean states.

 

HQ: Paris

 

Organisation of Islamic Cooperation (OIC)

 

Established in 1969, it has 57 members including Palestine. The supreme body meets every third year. OIC tries to promote Islamic solidarity and co-operation.

 

HQ:  Jeddah

 

Organisation of Petroleum Exporting Countries (OPEC)

 

The biggest and the most powerful economic cartel in the world, OPEC was created in 1960 to fix global oil prices by control­ling oil production. It also pursues mem­bers' interests in trade and development dealings with industrialised oil-importing countries.

 

HQ: Vi­enna, Austria

Members: 12 (Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela)

 

Non-Aligned Movement

 

The Non-Aligned Movement (NAM) is made up of 118 developing countries and aims to represent the political, economic and cul­tural interests of the developing nations. The principles of non-alignment were defined in the Bandung (Indonesia) Declaration of 1955 and were reiterated in the Brioni (Yugosla­via) Declaration of 1956 by J L Neh­ru, Joseph Tito, and Abdil Nasser. The first Non-aligned Conference was held at Belgrade in 1961 in which 25 countries participated. The basic thrust of the move­ment is for peace, disarmament, development, independence, eradication of poverty and illiteracy.

 

HQ: Egypt

 

South Asian Association for Regional Co-operation

 

The South Asian Association for Regional Co­operation (SAARC) comprises India, Mal­dives, Pakistan, Bangladesh, Sri Lanka, Bhutan, Nepal and Afghanistan. It was launched following the Dacca Summit in 1985.

 

HQ: Kathmandu, Nepal

 

World Trade Organisation

 

The World Trade Organisation (WTO) is an international body designed to pro­mote free trade by persuading the member countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalization.

 

Based in Geneva, the WTO was set up in 1995, replacing another international charter called General Agree­ment on Tariffs and Trade (GATT). The WTO has a much broader scope than GATT’s regulated trade in merchandise goods. The WTO also covers trade in services, such as telecom and banking and other issues such as intellectual property rights.

 

The membership of the WTO now stands at 153. China formally joined the body in December 2001 after a 15-year struggle.

 

HQ: Geneva, Switzerland



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