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Economic union

An economic union is the last step in an economic integration process. The previous ones are: free trade area, customs union and common market. In addition to free movement of goods, services and production factors, it also requires integration of…

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EDI

The Electronic Data Interchange is a computer-to-computer transmission of business messages (such as purchase orders, invoices, booking instructions, etc.) using standard, industry accepted message formats.

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EDIFACT

The Electronic Data for Administration, Commerce and Transportation is an international sytanx used in the interchange of electronic data.

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EFTA

The European Free Trade Association is an intergovernmental organization set up for the promotion of free trade and economic integration to the benefit of its four Member States: Iceland, Liechtenstein, Norway and Switzerland.

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Embargo

A prohibition upon export or imports, either with respect to specific products or specific countries. Historically, embargoes have been ordered most frequently in time of war, but they may also be applied for political, economic or sanitary reasons. Embargoes, imposed…

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