Return to Website


My-Malta-dotcom'munty Forum


My-Malta-dotcom'munty Forum
Start a New Topic 
Author
Comment
Malta membership in international unions

Membership in International Unions
Whether it is an alliance, incorporated union, federal union or supranational body here is the list of unions the country is a member of. Malta is a member of several unions. They are Commonwealth of Nations, European Union, International Monetary Fund, Schengen Area, United Nations, World Bank, World Trade Organization.

Commonwealth of Nations
Malta is a member of Commonwealth of Nations. On 21 September 1964 it was accepted into Commonwealth. The Commonwealth of Nations, or the Commonwealth, is an intergovernmental association of 53 independent and equal sovereign states that were mostly territories of the former British Empire. The Commonwealth includes some of the world's largest, smallest, richest and poorest countries, spanning five regions and is home to 2.2 billion citizens. The Commonwealth operates by intergovernmental consensus of the member states organised through the Commonwealth Secretariat. Thirty-one of its members are small states of which many are island nations.

European Union
Malta is a member of European Union. On 1 May 2004, it joined the EU as a full member state. The EU is a unique economic and political partnership between 28 European countries that together form a politico-economic union and cover much of the European continent. It covers an area of 4,324,782 km, with an estimated population of over 508 million. People can travel freely throughout most of the continent. Operating as a single market, the EU is a major world trading power. And it's become much easier to live, work and travel abroad in Europe.

International Monetary Fund
Malta is a member of International Monetary Fund. On 11 September 1968, it joined the IMF as a member. The IMF is an organization headquartered in Washington, D.C., of 189 countries working to foster global monetary cooperation, secure financial stability and facilitate international trade. The IMF now plays a central role in the management of balance of payments difficulties and international financial crises. The union is governed by and accountable to the all 189 member countries. As of 2010, the fund had SDR 476.8 billion (about US$ 755.7 billion).

Schengen Area
Malta is a member of Schengen Area. On 21 December 2007, it was accepted into Schengen Area. The Schengen Agreement is a treaty which led to the creation of Europe's borderless Schengen Area. It entitles every EU citizen to travel, work and live in any EU country without special formalities. It was signed on 14 June 1985 by five of the ten member states of the then European Economic Community near the town of Schengen, Luxembourg. Schengen cooperation enhances free movement of persons by enabling more than 400 million EU citizens to cross internal borders without being subjected to border checks.

United Nations
Malta is a member of United Nations. On 1 December 1964, it joined the UN at its inception date as a full member state. Founded in 1945, the United Nations is an intergovernmental organization to promote international co-operation. The work of the United Nations are guided by the principles contained in its founding Charter. It is currently made up of 193 Member States. The headquarters of the United Nations is in Manhattan, New York City, further main offices are situated in Geneva, Nairobi and Vienna. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing aid.

World Bank
Malta is a member of World Bank. On 26 September 1983, it became a member of the World Bank Group. The World Bank is international financial institution that provides loans to developing countries. It's like a cooperative, made up of 189 member countries. These member countries are represented by a ministers of finance who are the ultimate policymakers at the World Bank. The World Bank's official goal is the reduction of poverty.

World Trade Organization
Malta is a member of World Trade Organization. On 1 January 1995, it joined the WTO as a member. The World Trade Organization is an intergovernmental organization which regulates international trade. At its core are the WTO agreements ratified in national parliaments. It is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence.