Chapter

Definitions of Acronyms

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
January 1995
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Note: This list does not include acronyms of purely national institutions mentioned in the country chapters

ACU

Asian Clearing Union

AFTA

ASEAN free trade area (see ASEAN, below)

AMU

Asian monetary unit

Anzcerta

Australia-New Zealand Closer Economic Relations and Trade Agreement

ASEAN

Association of South East Asian Nations

BCEAO

Central Bank of West African States (Banque centrale des Etats de l’Afrique de l’Ouest)

BEAC

Bank of Central African States (Banque des Etats de l’Afrique Centrale)

BLEU

Belgian-Luxembourg Economic Union

CACM

Central American Common Market

CAP

Common agricultural policy (of the EU)

Caricom

Caribbean Common Market

CEEAC

Economic Community of Central African States

CEFTA

Central European free trade area

CEPGL

Economic Community of the Great Lakes Countries

CEPT

Common effective preferential tariff of the ASEAN free trade area

CET

Common external tariff (of Caricom)

CFA

Communauté financière africaine

CIS

Commonwealth of Independent States

CMA

Common monetary area

CMEA

Council for Mutual Economic Assistance (dissolved)

COCOM

Coordinating Committee for Multilateral Export Controls

ECCB

Eastern Caribbean Central Bank

ECLAC

Economic Commission for Latin America and the Caribbean

Ecowas

Economic Community of West African States (Cedeao)

ECSC

European Coal and Steel Community

ECU

European currency unit

EEA

European economic area

EFTA

European Free Trade Association

EMS

European monetary system

ERM

Exchange rate mechanism (of the EMS)

EU

European Union (formerly European Community)

GATT

General Agreement on Tariffs and Trade

GCC

Gulf Cooperation Council (Cooperation Council for the Arab States of the Gulf)

GSP

Generalized system of preferences

HCDCS

Harmonized commodity description and coding system

LAIA

Latin American Integration Association

LIBOR

London interbank offered rate

Mercosur

Southern Cone Common Market

MFA

Multifiber Arrangement

MFN

Most favored nation

MTN

Multilateral trade negotiations (the Uruguay Round)

NAFTA

North American Free Trade Agreement

NATO

North Atlantic Treaty Organization

OECD

Organization for Economic Cooperation and Development

OECS

Organization of Eastern Caribbean States

OGL

Open general license

PTA

Preferential trade area for Eastern and Southern African states

SACU

Southern African Customs Union

Sparteca

South Pacific Regional Trade and Economic Cooperation Agreement

UAPTA

Unit of account of the PTA

UDEAC

Central African Customs and Economic Union

WAEC

West African Economic Community (CEAO) (dissolved)

WAEMU

West African Economic and Monetary Union

WAMU

West African Monetary Union

WTO

World Trade Organization (supercedes GATT)

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