Nobody downloaded yet

Business - International Trade - Assignment Example

Comments (0) Cite this document
Summary
International trade Name: Institution: An example of a safe guard imposed by the USA A safe guard is a technical term used by the international trade organization, (Brown, 2008). It is used to restrain international trade so that a certain home industry can be protected from international or foreign competition…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Business - International Trade
Read TextPreview

Extract of sample "Business - International Trade"

Download file to see previous pages A safe guard restrains international trade. In 2002, the United States imposed a safe guard against steel products, (China Trade Remedy, 2011). The United States trade Representative asked the US international trade Commission (ITC) to begin an official safe guard investigation, under section 201 of the US trade laws. The request involved specifically asking the ITC to check whether steel imports were causing injury to the home steel industry. This was under 612, HTS product categories, (China Trade Remedy, 2011). In October 2001, the ITC made an announcement to the effect that it had discovered that steel imports had to a significant extent, caused injury to the domestic steel industry. In December 2001, the ITC made an announcement to the effect that a safe guard is to be imposed. This involved a relook into safe guard tariffs and quotas, (China Trade Remedy, 2011). During this period of time, the USTR began requested the US steel consuming industries and foreign steel exporters to start submitting petitions (China Trade Remedy, 2011). These petitions were meant to have their products removed from the upcoming safeguard. For this exclusion to be made they had to satisfy the USTR demand to know whether the domestic steel production was insufficient for the country. Why nations in the WTO refuse dumping: Dumping is an act of pricing that applies to international trade. ...
It is a predatory practice, which is highly condemned, by the world trade organization, (WTO, 2012). This does not mean it’s necessarily prohibited. It is one of the things, which can utterly destroy domestic industries; therefore it calls for manufacturers to act with restraint. When local industries are hurt, the country has a lesser ability to do trade at the international platform. Dumping is a concern to the nations in WTO because it is an extremely expensive act to maintain, (WTO, 2012). It can take many years for it to work. The export country needs to subsidize the product that is being dumped. This can easily cause such a country to accumulate a large sovereign debt. It can even end up hurting the other aspects of the domestic trade in the export country. The other leading demerit of this predatory practice is that, it provokes retaliation from the trade partner. This leads to trade tariffs and barriers. The nations that are involved in this condemned practice can, therefore, be censured by the WTO, (WTO, 2012). Dumping is rare, but when it happens, local manufacturers cannot avoid loses. This is because people buy the cheaper products. Are trade blocs recommended or not? A trading block is an agreement among governments whereby there is consensus to reduce or do away with tariffs and taxes that are imposed across the member states. These are sometimes referred to as free trade agreements, (Chase, 2005). They are simply intergovernmental trade pacts. Having trade blocs leads to easy and free access of goods or services, (Doole & Lowe, 2008). This easily causes the member states to specialize, which leads to quality of services being improved or better goods being delivered. Besides, at the level of the region, trade agreements lead to a variety of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business - International Trade Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Business - International Trade Assignment Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/business/1456390-discussion-questions-week
(Business - International Trade Assignment Example | Topics and Well Written Essays - 750 Words)
Business - International Trade Assignment Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/business/1456390-discussion-questions-week.
“Business - International Trade Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1456390-discussion-questions-week.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business - International Trade

Business & International Trade

...? Business & International Trade of the of the of the Unit 3: Business & International Trade Written Answers Introduction Being a member of The Portsmouth Chamber of Commerce, in this paper I will be discussing international trade issues and opportunities that local business may face. This era of globalization has lead to countries coming closer to each other, this has happened in all aspects including trade. International trade is the exchange of goods or services between economies. It is calculated in the current account of the balance...
4 Pages(1000 words)Assignment

International Business (international trade) the title of the research is the impact of Free trade agreement on New Zealand Econ

...of restraints on the majority of traded services and the synchronisation of standards and conformance of procedures. (Australia’s Department of Foreign Trade, 2012). As per Hilaire and Yang (2003), some of the disadvantages of FTAs are as follows; when trade from a partner nation is at modest level, FTA may not bring a desired level of advantage to the nation concerned. Under FTA, transaction costs for the business may be relatively higher as it aggravates the intricacy of the international trading system. For instance, intricate regulations of origin are needed to stop third nation commodity flooding through the other party. With varied...
32 Pages(8000 words)Dissertation

International Trade and Business

...the market cultural differences, other possible solutions is through market research aimed at understand the culture of the new market. References: Campbell P. (1998) Cultural Predispositions in Business Correspondence, McGraw Hill, New York Hofstede G. (1980). Culture Consequences: International Differences, Sage Publications, New York Louis Turner (1994) Multinational Companies and the Third World, McGraw Hill, New York Merritt C. and Helmreich L. (1996) The influence of national culture, Journal of Cross Cultural Psychology, 27 (1), page 5 to 20 Sebastian D. (2007) Use of Information in Multinational Companies, McGraw Hill, New York Souza M. and Dejean H. (1998) Cultures and...
5 Pages(1250 words)Essay

International Trade & Business

...CULTURAL DIVERSITY IN INTERNATIONAL BUSINESS Introduction: How come those companies, who have been doing business internationally for decades suddenly, fail And how come that companies who wouldn't have had a chance 25 years ago suddenly become a global success There might be many reasons, but they all have something to do with culture, and dealing with cultural diversity successfully in international corporations has become a critical success factor. The primary reason for this is the increased globalization over the past 20 years. The business culture might be entirely different. In some cultures relationships are much more important than the actual...
4 Pages(1000 words)Essay

International Business - World Trade

...International Business Identify the key issues highlighted by the case study and explain how they relate to the broader debate on government's protectionist policies. (tips-basically analysis of why the government do it, what they doing and summarising what is going on, what and why they are doing it explain in general, the explain and summarise what and why they did it talking about protectionism. Look into the trade restrictions rather than the aeroplanes, and talk about protectionism, bring as many arguments as possible. Why do they peruse government tariffs and how do they justify, highlighting what they done and why for this case study, looking also at the strengths). Key issues...
7 Pages(1750 words)Essay

International Business and Trade

...customers' complaints and toned down the interest of its investors. However, its dismal reputation overshadows its robust figures. Share prices and sales figures shoot up indicating that numbers defy the negative impression Carphone receives. Carphone should capitalise on its added services to bolster its main mobile retail business. Doing this will not only improve its internal operations, it will also better its relationship with its partners. Making most out of Talk Talk and its acquisition of AOL UK by launching new and innovative services can provide additional impetus for investors to reconsider in putting their money in Carphone. Publish press releases stressing growth in figures To stress...
12 Pages(3000 words)Essay

International business and International Trade

...International business and International Trade 1. What are the primary forces driving the increased growth in globalization and international business? International business concerns international trade. Nowadays, most companies do business worldwide. The reasons are various, among them are the contacts that people have over a wide range of countries. These contacts enable people to acquire more products and services and have access to various resources. The countries have lowered import and export barriers and many local assets are owned by...
6 Pages(1750 words)Coursework

International trade & business

...xxxxx Business Administration Topic: International Trade and Business 22 May, In modern era, there is no such field of life which has not been affected by the positive or negative influence of international trade. Both hypothetically and virtually, the worldwide impacts of international trade can be pragmatic in different social, cultural, political, technological, and economic fields. The world’s economy is persistently taking a more global shape and this paper takes a close look at the issues regarding the international trade (Fernald and Greenfield, 2001). A well...
5 Pages(1250 words)Assignment

Application Development and Programming Languages

2 Pages(500 words)Essay

International Business Environment & Trade

...to a greater extent in their harmonization approaches. The drafters left such issues in the move towards ensuring maximum support. As such, there have been narrow interpretations of different crucial concepts, hence the complexity in harmonizing the international trade. References List Burnett, R. (2004). Law of International Business Transactions. London, Federation. p.45. DiMatteo, L. (2009). Law of International Contracting.Cambridge, Kluwer Law International. P.67. Garro, A. (2008). CISG Advisory Council Opinion No.7, Exemption of Liability for Damages Under Article 79 of the CISG. Internationales Handelsrecht 8(3),...
9 Pages(2250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Business - International Trade for FREE!

Contact Us