This paper attempts to trace the major points of the Dispute relating it to the laws of the World Trade Organization (WTO) where necessary. It also presents a prediction on the likely outcome of the dispute. …
Download file to see previous pages...
The hunting of seals in Canada in the adjoining waters of the Arctic Ocean is believed to have begun in the 16th century. Seal hunting for commercial purposes grew into an important trade in the 1980s decade in Canada. This mainly includes the Inuit group of people, the residents of Atlantic Canada and also North Canada. The United Nations in its Declaration on the “Rights of Indigenous Peoples” has recognized this seal hunting practice as a means of livelihood for the Canadian residents. According to an estimate in 2005, about 329,829 harp seals were killed by the indigenous people of Atlantic Canada and Quebec. They also produced $ 15.43 million worth of “exports of identifiable seal products”. The extent and importance of the seal hunting trade in Canada renders it very difficult for the Canadian authorities to pronounce an end to this practice.
The European Union bans Seal Products
Canada was supposed to attend a summit meeting with the European Union to discuss further prospects of trade between the two countries and open up new markets. On 16 September 2009, the European Parliament and the European Communities declared a Regulation (EC) No. 1007/2009 stating a prohibition in the import and sale of all seal products manufactured from the commercial hunting of seals....
eal hunts carried out in a traditional practice by the Inuits and other indigenous communities and byproducts from similar regulated hunts, would be allowed to trade in the European Union.2 The Canadian Government expressed its disappointment on the development and vowed to take the issue to the World Trade Organization (WTO).3 Canada was of the opinion that in the case the EU imposed a restriction on seal products made out of commercial hunting, the country should be exempted from it since Canada followed strict guidelines to ensure that the seal hunting methods in the country were humane and were sustainable in the long run. The Effects of Such a Regulation According to the European Commission, the trade exchanges between Canada and the European Union are worth around EUR 70 billion or $ 93 billion in a single year. If the Canada and the European Union agreed to expand their bilateral trade, this could generate an additional trade exchange worth EUR 20 billion. However, the EU Regulation regarding the prohibition of the import and sale of seal related products from commercial hunting, in the EU markets could have serious implications for the bilateral trade between the two countries. Once the Regulation (EC) No. 1007/2009 comes into effect, the value of seal products imported by the EU from Canada will decrease drastically, as then only the seal products made out of legitimate hunting methods will only be permissible to enter the EU market. Therefore, Canada will be compelled to turn to other countries of the world for the export of its seal products, following the decline of the EU as one of its important importers in this trade 4 Canada’s Arguments On 2 November, 2009, Canada expressed its desire to engage in a consultation with the European Communities regarding
...Download file to see next pagesRead More
Cite this document
(“International Trade Law Assignment Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved de https://studentshare.org/business/1390971-international-trade-law
(International Trade Law Assignment Example | Topics and Well Written Essays - 2250 Words)
“International Trade Law Assignment Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/business/1390971-international-trade-law.
According to Miller (2003), the study of this particular phenomenon concerning the Anti-Sweatshop Movement of the 1990s, rendered the then economists with the opportunity to obtain an apparent understanding of the working conditions and its potential impacts on the economic development processes.
The palm oil is a major contributor to the Malaysian as well as that of the Indonesian economy and huge amounts of the palm oil are produced and synthesized in the countries (Schubert, 2012, p.77). More than around 40 plantation companies are officially listed in the Malaysian Stock Exchange with the accumulated market capitalization of more than 40 billion US dollars.
Surflife Company requested for the order of 15000 pairs of jeans to be delivered on the 1st day of April, 2011 from the PJ Company. PJ Company in response to the order stated its terms that mentioned the order number, the date of delivery as well as the total cost of the order that was $225,000.
In this regard, a continuous growth and rapid transformation of the business strategies practiced by the modern business organisations can be observed apparently with respect to their global trade operations. Contextually, the rapid development of modern trade operations among the various global industries has also inspired the organisations to be significantly focused on acquiring a continuously increasing market share and thereby attaining greater competitive advantages (OECD, 2008).
“Nike Inc. is an international company based in the United States of America that deals with importing and exporting sportswear and equipment” (Smith, 2002). It is the chief manufacturer of sports attire and equipment in the world. Nike Inc. imports footwear from outside countries.
They have also developed a way of reconciling pressures between the status quo and the continuing worldwide changes that china is presently facing. Furthermore, considerable progress has been witnessed in extending the activities and representation of trade unions to become more differentiated (Pringle, 2011).
ed to be US $ 1 trillion per annum 1 and the letter of credit is described as “the life blood of international commerce”2 The International trade transactions are reported to be in the region of $ US 7 trillion per year and the cost of documentation for the transaction
International trade enables a country to import what she cannot produce (Sherlock and Reuvid 342). In fact, international trade gives a country a chance to consume products and services which cannot be produced by
However, moving the business operations to a different country needs to go though several government rules and regulations of both host and home country (Velde, 2001). The government have placed these regulations to protect the interest of the customers and business
8 Pages(2000 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic International Trade Law for FREE!