Why is there a perspective that the flexibilities provided by the TRIPS Agreement are insufficient in facilitating fair and equal access to vital drugs, medical technologies, and other necessary products for combating the Covid-19 pandemic. What are potential alternatives, if available, that can be pursued with the support of the World Trade Organization (WTO).
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Why is there a perspective that the flexibilities provided by the TRIPS Agreement are insufficient in facilitating fair and equal access to vital drugs, medical technologies, and other necessary products for combating the Covid-19 pandemic. What are potential alternatives, if available, that can be pursued with the support of the World Trade Organization (WTO).
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- After the Seattle 1999 World Trade Organization (WTO) Ministerial Conference, in the next two years, large anti-globalization demonstrations rocked the International Monetary Fund and World Bank in Washington. Describe the role of WTO with respect to the following 7 aspects: knowledge of WTO/GATT, fostering trade liberalization, abolishing tariffs, increasing transparency, seeking resolutions, improving communication within trading blocs, controlling export subsidies, improving national welfare and competitiveness of developing countriesEvaluate the various aspects that SMC Ltd may consider when extending a CSR strategy from home to host countries in the below extract. SMC ltd is a subsidiary of the Swedish-based Andvik Group, which operates in 130 countries. SMC is a major supplier and marketer of underground mechanized mining products to the mining and major infrastructure sector. Locally, SMC is run strategically by a board that is mainly non-executive and includes managing director and country manager, Jim Tolley.SMC’s outstanding performance over the last six years is based on a strategy of improving customers’ operational efficiencies and profitability through the development of high-tech engineering products. SMC boasts an average global increase of 6% sales growth and an average 17% return on capital employed. SMC plans to double in size over the next five years. ‘We make it possible’, is SMC’s slogan.SMC is a service-orientated organization that prioritizes listening to clients’ needs to ensure that products…Equity Group has launched a private sector focused stimulus package to accelerate economic recovery and resilience in the Eastern and Central Africa region as it recovers from the devastating health, social, humanitarian, and economic impacts of the COVID-19 pandemic. Equity’s Eastern and Central Africa Recovery and Resilience plan is envisaged to provide financing of up-to 2% of the combined GDP of the six economies, in which the Group operates, to the private sector in the form of blended financing of short-term overdrafts, medium term loans and credit facilities which require long-term project and development financing. While launching the Recovery and Resilience Plan Dr. James Mwangi, Equity Group Managing Director and CEO said, “A total of Kshs 678 billion (USD 6 billion) will be available to 5 million MSMEs and 25 million individual borrowers for the next 5 years. The plan conceives that the 5 million businesses largely comprising MSMEs will create 50 million jobs, 25 million…
- Equity Group has launched a private sector focused stimulus package to accelerate economic recovery and resilience in the Eastern and Central Africa region as it recovers from the devastating health, social, humanitarian, and economic impacts of the COVID-19 pandemic. Equity’s Eastern and Central Africa Recovery and Resilience plan is envisaged to provide financing of up-to 2% of the combined GDP of the six economies, in which the Group operates, to the private sector in the form of blended financing of short-term overdrafts, medium term loans and credit facilities which require long-term project and development financing. While launching the Recovery and Resilience Plan Dr. James Mwangi, Equity Group Managing Director and CEO said, “A total of Kshs 678 billion (USD 6 billion) will be available to 5 million MSMEs and 25 million individual borrowers for the next 5 years. The plan conceives that the 5 million businesses largely comprising MSMEs will create 50 million jobs, 25 million…What were the conditions under which a group of Asian countries initiated Chiang Mai Initiative Multilateralization (CMIM)? Using the game theory framework to analyze objectives of CMIM set by the involved countries. From the international policy collaboration perspectives, why did the idea of AMF face so many obstacles to be possibly realized?1. Give at least 3 more advantages and disadvantages of International Trade. 2. What is the difference between World Trade Organization (WTO) and General Agreements on Tariffs and Trade (GATT)? 3. In the Philippines, what do you think are the benefits that Philippines get from WTO? 4. What is Free-Trade? Give your own example. 5. What do you think would be the project that the ASEAN and APEC should focus on? 6. Do you think the US GSP is a big factor to help our country?
- What is the role of the WTO, and what is the scope and intent of its TRIPS Agreement?Trade protectionism a barrier to the recovery of global economies, warns ICS Feb 24, 2021 by Gavin van Marle Increasing trade barriers by governments around the world are hampering the global economy as it attempts to recover from the pandemic’s economic fallout, warned the International Chamber of Shipping today. According to the International Trade Centre, the COVID-19 pandemic has led governments to throw up “temporary trade measures that aim to restrict exports of vital medical supplies, and to liberalize imports of vital medical supplies as well as other essential products”. As of last week, some 98 countries have temporary export restrictions or outright bans in place. In contrast, 102 countries have liberalized their import restrictions. However, it is not just about COVID-19, according to a new ICS Protectionism in Maritime Economics report. It says: “Decades of progress toward open markets has begun to reverse in recent years, with damaging restrictions imposed as weapons…10. Why countries choose to enter into Free Trade Agreements such as the U.S. Mexico Canada Agreement, or USMCA? What are the benefits of a membership in the Free Trade Agreements?
- For a company that currently uses outsourcing, what should they be concerned about during the pandemic.Answer all questions a to d A) Examine the pros and cons of trade agreement between two countries of one of the latest bilateral deals since Britain exited the European Union for both countries B) Many countries have entered into trade agreements for mutual benefits. The most recent in Africa is the African Continental Free Trade Area (AfCFTA). Examine how this agreement will impact participating African countries C) Much of the world’s current economic activities is concentrated in a group of countries called the Triad (Japan, EU and United States). What is the potential threat of China to these international economic drivers? D) Critically examine the extent at which the following factors have enhanced the growth of International Business: i) Expansion of technology ii) Growing consumer pressures iii) Increased global competition iv) Changing political situations v) Expanded cross-national corporationOn September 22, 2022 HappyFresh, an Indonesian based online grocery store officially bade farewell to Malaysia. The company ceased its operation in Malaysia and Thailand but maintains its business in Indonesia. Questions below are related to HappyFresh and its withdrawal from Malaysia and Thailand: HappyFresh has collaborated with many businesses during its seven years of operation in Malaysia but it seems that alliance was not enough to keep the company afloat. Based on your internal and external analysis of the business in Question 1, identify a better strategy than joint venture or strategic alliance which could have saved it from the current divestiture. Support your answer with relevant strategy generation tool.