Posted by on 10. April 2021

Traditionally, free trade agreements do not strongly restrict sovereignty because they focus on removing trade barriers. This is partly due to the fact that the signatories are countries with similar levels of development and that companies trust the judicial system in each country. The Australia-Japan and Australia-U.S. free trade agreements are good examples of this, treaties that maintain the country`s judicial system as the ultimate panel for foreign investors. On the other hand, some local industries benefit. They are finding new markets for their duty-free products. These industries are growing and employing more labour. These compromises are the subject of endless debate among economists. 1. Sullivan, arthur; Steven M. Sheffrin. Economics: Principles of Action 2. Anne O.

Krueger. Free trade against customs unions www.nber.org/papers/w5084.pdf 3. Monetary union has been established (with the Central African franc), but other parts of the Union also remain forced (free movement, etc.). 4. Caricom Member States: Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, St Kitts – Nevis, St Lucia, St Vincent – Grenadines, Suriname, Trinidad and Tobago 5th EU Member States (eurozone): Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Slovenia, Sweden, United Kingdom. The EU has several levels of integration, with euro area countries more integrated than those in the euro area. Nevertheless, all Member States must comply with EU rules and regulations. 7. Doge, William S (2006), „Investor-State Dispute Settlement Between Developed Countries: Reflection on the Australia-United States Free Trade Agreement,“ Vanderbilt Journal of Transnational Law, Vol. 39, No.

1-37 Nottage, Luke (2014), „Investor-State Arbitration: Not in the Australia-Japan Free Trade Agreement, and Not Ever in Australia?“, University of Sidney Law School sydney.edu.au/law/anjel/documents/2014/ZJR_38_05_Nottage_8.pdf 8. Grimmett, Jeanne J (2012), „Dispute settlement in the U.S.-South Korea Free Trade Agreement (KORUS FTA),“ Congressional Research Service, www.fas.org/sgp/crs/row/R41779.pdf 9. Miranda, Martin (2009), „The Legal for Foreign Direct Investment in Mexico`s Oil Sector,“ Fordham International Law Journal, Vol. Doge, William S (2006), „Investor-State Dispute Settlement Between Developed Countries: Reflection on the Australia-United States Free Trade Agreement,“ Vanderbilt Journal of Transnational Law, Vol. Public Citizen (2005), „NAFTA Chapter 11 Investor-State Cases: Lessons for the Central America Free Trade Agreement“ www.citizen.org/documents/NAFTAReport_Final.pdf 12. Sinclair, Scott (2015), NAFTA Chapter 11 Investor-States, Canadian Centre for Policy Alternatives, www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2015/01/NAFTA_Chapter11_Investor_State_Disputes_2015.pdf 13.