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- four (4) ways in which the government could use trade barriers to protect its market from foreign competition.The General Agreement on Tariffs and Trade (GATT) was a treaty designed to promote free trade by reducing Select one: a. None of the above b. Tariff barriers only c. Non-tariff barriers alone d. Both tariff and non-tariff barriersThe contents of NAFTA include all, but which one of the following: O a. Removal of most barriers on the cross-border flow of services O b. Protection of intellectual property rights O c. Abolition of all tariffs on all goods traded between Mexico and Canada O d. Application of national environmental standards, provided that such standards have a scientific basis
- A free trade agreement plus a common set of tariffs toward non-members is called Select one: O A a free trade area. OB. a common market. OC. an economic union. OD. a customs union.Simulate your own multinational corporation (MNC). Justify the form of your own MNC, based in the Caribbean, which trades with three countries outside of the Caribbean region.Then, examine issues related to foreign exchange management within your multinational corporation. This exercise should address the following: The form of MNC that the business takes, whether franchising, licensing, the exportation of a product sold through a distributor, etc. The rationale behind using this form of MNC should also be given. The main foreign currencies that will be used in the business. The foreign exchange exposure of the company and how the company plans to manage this exposure. Any current financial issues that affect the operating environment of the MNC and how these issues affect the company’s foreign currency exposure.Regional trade blocs were created to encourage partnerships between high-income developed countries, and lower-income developing countries. One such trading bloc, - the ‘CARICOM Single Market and Economy’ was established with the objective of expanding intra-regional and extra-regional trade, among other objectives as outlined in Article 6 of the Revised Treaty Establishing the Caribbean Community including the CSME. Discuss whether the creation of this trading bloc significantly expanded intra-regional and extra-regional trade in goods and services for CSME participating member states. Discuss with the use of practical examples and data to support your position. In your discussion cite some CARICOM trade policy instruments/measures implemented to help propel intra/extra-regional trade. You can use your home country (if a member of CSME) as a reference point in your discussion. The essay/ report should contain a clear introduction to the topic, content on the theories and principles…
- explain how international organizations such as the World Trade Organization (WTO), economic communities, and individual country regulations facilitate and limit a firm’s opportunities for globalization pp. 59–61 UnderSTand inTernaTional, regional, and CoUnTry gloBal Trade ConTrolS p. 59The subject International Trade and Agreement falls under Public International Law or Private International Law? Explain why.18. Choose one example of a Foreign Market Entry Mode and explain how you understand that particular mode of entry into a foreign market works.
- Any country which becomes a member of the World Trade Organization commits to the principle of Preferential trade arrangements (PTAs) which means they should notdiscriminate in favor of one country when trading and should use same tariffs and conditions for all WTO members, this principle allows for Free Trade and the promotion of global trade. Having said that, what do you think are the effects of Regional Trade Blocs on the WTO since these blocs discriminate in favor of their region against other countries?7 - The General Agreement on Tariffs and Trade was initially implemented to do which of the following? Promote free trade among members by eliminating trade barriers and educating individuals, companies, and governments about trade rules across the world. Provide loans to countries to build up their infrastructure and increase economic opportunities Merge the United States, Canada, and Mexico into a single market Reduce worldwide tariffs and increase international tradeIf you were asked to provide a small tip (or bribe) tohave a document approved in a foreign nation wherethis practice is customary, what would you do?