GUAM Organization for Democracy and Economic Development: Difference between revisions

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Latest revision as of 12:51, 20 March 2025

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| area_sq_mi = 312,938

| area_label = Total

| population_estimate = {{decrease}} 5749,975842,000<ref name="IMFWEORU">{{cite web|url=https://www.imf.org/en/Publications/WEO/weo-database/2022/October/weo-report?c=911,912,921,926,&s=NGDPD,PPPGDP,&sy=2020&ey=2022&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=subject&ds=.&br=1|title=Report for Selected Countries and Subjects: October 2022|website=[[International Monetary Fund]]|access-date=7 December 2022|archive-date=7 December 2022|archive-url=https://web.archive.org/web/20221207145126/https://www.imf.org/en/Publications/WEO/weo-database/2022/October/weo-report?c=911,912,921,926,&s=NGDPD,PPPGDP,&sy=2020&ey=2022&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=subject&ds=.&br=1|url-status=live}}</ref>

| population_estimate_year = 2020

| population_density_km2 = 71.5

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| GDP_nominal_year = 2024

| GDP_nominal_per_capita = {{decrease}} $6,240

| GDP_PPP = {{decrease}} $993.878 &nbsp;billion<ref name="IMFWEORU"/>

| GDP_PPP_year = 2024

| GDP_PPP_per_capita = {{decrease}} $19,939

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At the 77th Session of the United Nations (UN) General Assembly held in New York on 20 September 2022, the Foreign Ministers of the Organization for Democracy and Economic Development (GUAM) members came together on the sidelines and held the 39th Cabinet meeting of GUAM. After the meeting, the Ministers of Foreign Affairs of Georgia, Ukraine, Azerbaijan and Moldova signed a protocol on the determination of the country of origin of the goods. In addition, it was announced by the Ministry of Foreign Affairs of Ukraine that a free trade zone was established between the GUAM countries.<ref>{{Cite web |url=https://www.ankasam.org/free-zone-developed-in-the-shadow-of-the-russia-ukraine-war-economies-of-guam/?lang=en |title=Free Zone Developed in the Shadow of the Russia-Ukraine War: Economies of GUAM |date=October 2022 |access-date=19 June 2023 |archive-date=19 June 2023 |archive-url=https://web.archive.org/web/20230619165001/https://www.ankasam.org/free-zone-developed-in-the-shadow-of-the-russia-ukraine-war-economies-of-guam/?lang=en |url-status=live }}</ref><ref>{{Cite web |url=https://guam-organization.org/en/protocol-on-rules-for-determining-the-country-of-origin-of-goods-to-the-agreement-on-establishment-of-free-trade-area-between-the-guuam-participating-states/ |title=Protocol on rules for determining the country of origin of goods to the Agreement on Establishment of Free Trade Area between the GUUAM Participating States |date=20 September 2022 |access-date=19 June 2023 |archive-date=19 June 2023 |archive-url=https://web.archive.org/web/20230619163502/https://guam-organization.org/en/protocol-on-rules-for-determining-the-country-of-origin-of-goods-to-the-agreement-on-establishment-of-free-trade-area-between-the-guuam-participating-states/ |url-status=live }}</ref>

The Free Trade Area has not been ratified and has not entered into force. It is too soon to be sure whether GUAM member states will ratify the free trade area soon, or if the project will be placed on hiatus. There is also the question about to what extent an FTA could help financially GUAM countries compared to other projects, such as European Union membership or the Middle Corridor. GUAM is a regional bloc that has not demonstrated its usefulness to its member states compared to other organizations or projects that GUAM member states are part of.<ref>{{Cite web |url=https://www.geopoliticalmonitor.com/guam-2-0-can-free-trade-revive-the-forgotten-regional-bloc/ |title=GUAM 2.0: Can Free Trade Revive the Forgotten Regional Bloc? |date=3 October 2022 |access-date=19 June 2023 |archive-date=19 June 2023 |archive-url=https://web.archive.org/web/20230619163458/https://www.geopoliticalmonitor.com/guam-2-0-can-free-trade-revive-the-forgotten-regional-bloc/ |url-status=live }}</ref>

==Members==