Schengen Agreement

 

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Schengen Agreement

An agreement (later, convention) signed in 1985 to remove all frontier controls and permit free movement of persons between the participating countries. In 1999 it was incorporated into the European Union. Currently (2001), the participants include all EU countries except Ireland and the U.K., plus Iceland and Norway.



Similar Matches

Knock for knock agreement

Knock for knock agreement

Although it currently rarely applies, this is a motor insurance term describing an agreement between insurance companies where each pays the claims of its own clients following an accident. This principle applies irrespective of blame and seeks to save time and expense. One of the parties involved in such circumstances may however seek to sue the other and if successful may claim from the other's insurers.


Throughput agreement

Throughput agreement

An agreement to put a specified amount of product per period through a particular facility. An example is an agreement to ship a specified amount of crude oil per period through a particular pipeline.


Reciprocal trade agreement

Reciprocal trade agreement

Agreement between two countries to open their markets to each other's exports, usually by each reducing tariffs. Early trade rounds under the GATT consisted mostly of reciprocal trade agreements, extended to other contracting parties by the MFN requirement.


North American Free Trade Agreement (NAFTA)

North American Free Trade Agreement (NAFTA)

A regional trade pact among the United States, Canada, and Mexico.


Plurilateral agreement

Plurilateral agreement

The plurilateral agreements of the WTO contrast with the larger multilateral agreements in that the former are signed onto by only those member countries that choose to do so, while all members are party to the multilateral agreements.


Further Suggestions

Bretton Woods Agreement
Investment agreement
Raw material supply agreement
Fiscal agency agreement
Agriculture Agreement
TRIPs Agreement
General Agreement on Tariffs and Trade (GATT)
Standstill agreement
ABC agreement
General Agreement on Tariffs and Trade
General Agreement on Trade in Services
tenancy agreement
Europe Agreement
Concession agreement
Franchise agreement
Voluntary restraint agreement
Revolving credit agreement
Tolling agreement
Note agreement
Association Agreement
General Agreement on Tariffs and Trade
Preferred stock agreement
Smithsonian Agreement
Plan agreement
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