Free movement of person in EU law Essay Example | Topics and Well Written Essays - 5000 words

Free movement of person in EU law - Essay Example The European Union headquarters is in Brussels, Belgium. European Union law is the unique legal system which operates alongside the laws of Member States and overrides national law in many areas especially in terms of economic and social policy . EU is not a federal government, nor it is intergovernmental organization. The European Union (EU) was established in 1993 by the 12 nations of the European Community. The EU works toward better political and economic integration and cooperation between member nations. Austria, Finland, and Sweden joined the EU in 1994 (Encarta,2003). The European Union was formally established on November 1, 1993. It is the most recent in a series of European cooperative organizations that originated with the European Coal and Steel Community (ECSC) of 1951, which became the European Community (EC) in 1967. The members of the EC were Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, the United Kingdom, and Spain. In 1991 the governments of the 12 member states signed the Treaty on European Union (commonly called the Maastricht Treaty), which was then ratified by the national legislatures of all the member countries. The Maastricht Treaty transformed the EC into the EU. In 1994 Austria, Finland, and Sweden joined the EU, bringing the total membership to 15 nations, (Encarta,2003). The EU has a number ... With the exception of EMU, which went into effect in 1999, progress toward these goals has been erratic. The EU's ability to achieve its goals has been limited by disagreements among member states, external political and economic problems, and pressure for membership from the new democracies of Eastern Europe,(Encarta,2003).. EU Law is composed of three pillar structure based on different treaty namely: 1. Treaty of the European Communities signed in Rome 1957 deals with the law concerning social rights and economic foundations of the single market. It is considered as the oldest and the most important pillars where European Community (EC) law originated. 2. Treaty of European Union (The Maastricht Treaty,1992) which involve Common Foreign and Security Policy (CFSP) and; 3. Police and Judicial Co-operation in Criminal Matters (formerly 'Justice and Home Affairs') That European Community (EC) Law represents the firts pillar of EU Law. Community Law is the law of the member states of the European Union (EU), as adopted by the Union's Council of Ministers. The European Court of Justice interprets and applies EU law. Community law forms part of the law of states and prevails over national law (Encarta, 2003). In July 1967 the three organizations (the EEC, the ECSC, and Euratom) fully merged as the European Community (EC). The basic economic features of the EEC treaty were gradually implemented, and in 1968 all tariffs between member states were eliminated. No progress was made on enlargement of the EC or on any other new proposals, however, until after De Gaulle resigned as president of France in May 1969. The next French president, Georges Pompidou, was more open to new

Business Idea-Franchising Essay Example | Topics and Well Written Essays - 750 words

Business Idea-Franchising - Essay Example Basis of Selection Dammam is suitable for travelling. The city is easily accessible through flights from various parts of the world. The city has its own port which is named as King Abdul Aziz Port. There are several attractive places in Dammam which are: The Heritage Village, Sports Center, King Fadhd Park, Half Moon Beach and Alkhleej Makarim. There are many museums such as The Media External Museum, The Regional Al Dammam Museum, The Saudi Museum and Abdullah Al Asmare Museum. Due to this reason, many tourists are attracted towards this city and opening a clothing store will be beneficial in the city to attract these tourists as well as local people. Market Scenario at Saudi Arabia Saudi Arabia has shown positive market growth. Their GDP has been registered as 3.9% in the year 2011 compared to 3% in 2010. Saudi Arabia’s non oil sector plays an important role for the good market condition. The government of Saudi Arabia has planned to spend 155 billion Dollars in the year 20 11 for education and infrastructure purposes. Saudi Arabia is one of the preferred destinations for making investment in Middle East and North Africa. Political stability, great possibility for growth in infrastructure sector, oil reserves and production capability are the major factors of good market condition. Investors will be attracted by government’s impressive policy, over the next five years, which aim to invest 1.3 trillion USD in the non oil sector. It will attract both local as well as foreign investors, who are interested in tapping into country’s market growth (Report Buyer, â€Å"Saudi Arabia Business Forecast Report†). Market Scenario at Dammam Dammam became a part of Kingdom of Saudi Arabia in the year 1932. Dammam remained a remote place until Standard Oil Company of California moved in the city in the year 1935 for searching oil around Dammam area. Dammam’s economy has expanded and created numerous job opportunities as its oil industry ha s been accompanied by massive boom in construction. By the growth of oil-sector, Dammam’s transportation has also improved. The city is served by King Abdul Aziz Port which handles non-oil cargos for eastern and central provinces of the country. The retail market condition at Dammam had developed in the year 2007–2008 and the retail supply had increased by 60%. Dammam represents the third largest market share in retail sector in Saudi Arabia and accounts for 20% (Colliers International, â€Å"Mena Retail Overview†). SWOT Analysis Strengths Since Dammam attract many tourists and as there is only two mega stores in the area, this will create a great opportunity to open clothing store in Dammam. Many of the residents and tourists shop in neighboring Bahrain because of limited number of clothing stores in Dammam. Thus, opening of new clothing store can retain the tourists. China excels in production and export of clothing in the world. China’s clothing indust ry mainly focuses on information, brand and fashion. The price of cotton in Chinese market is also low. Export tax of China on textile clothing is between 0.2% and 0.3% per piece and export taxes are determined by quantities. Therefore, it will be beneficial to import large amount of clothes from China because it can provide good fashionable clothes