Free trade agreement and Global Economy Meeting: Difference between pages

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imported>Doug Williamson
(Updated entry: Changed CPSS reference to past using formerly to remove date sensitivity, removed repetition 2nd para 2nd sentence, added internal links)
 
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''International trade''.
The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular [[Bank for International Settlements]] (BIS) bimonthly meetings.


(FTA).
The committee monitors and assesses developments in the world economy and the global financial system. It provides a forum for discussion and cooperation. It guides and receives reports from the Basel-based central bank committees: the [[Committee on the Global Financial System]] (CGFS), [[Committee on Payments and Market Infrastructures]] (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the [[Markets Committee]].  


An agreement to establish relatively free trade between two countries, or within a wider region.
The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.
 
Cross-border trade within the free trade area is normally free of tariffs.  




==See also==
==See also==
*[[Comprehensive Economic and Trade Agreement]]
* [[Central bank]]
*[[Customs union]]
* [[Gross domestic product]]
*[[European Economic Area]]
*[[European Free Trade Association]]
*[[Free trade]]
*[[Free trade area]]
*[[International trade]]
*[[North American Free Trade Agreement]]
*[[Tariff]]
*[[Trade]]
*[[Trans-Pacific Partnership]]
*[[United States Trade Representative]]
 
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]
[[Category:Trade_finance]]

Revision as of 09:45, 14 January 2015

The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular Bank for International Settlements (BIS) bimonthly meetings.

The committee monitors and assesses developments in the world economy and the global financial system. It provides a forum for discussion and cooperation. It guides and receives reports from the Basel-based central bank committees: the Committee on the Global Financial System (CGFS), Committee on Payments and Market Infrastructures (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the Markets Committee.

The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.


See also