International Trade Operations - Essay Example

Download file to see previous pages ed many individual countries lowering the customs tariffs and other trade barriers resulting in the opening of new market opportunities for the operations of the trade. This opens new business prospects for the organizations dealing in the international business operations as it might prove favorable for Content Cow Dairy, Inc as well. Along with this, WTO always intends to implement the trade rules, policies and regulations in an appropriate manner based on the specifications of the countries thereby maintaining the transparency in the operations of the business. Along with this, WTO also tries to resolve the disputes associated amid trade relationships with the help of its varied rules and policies so as to ensure the free flowing of the business processes. This in turn enhances the satisfaction level and the reliability of the people over WTO. Apart from this, WTO also enhances and sustains the trading opportunities thereby improving the revenue of the countries (World Trade Organization, 2012). Hence, as WTO plays an essential part in trade related functions, these details are mandatory for you, in order to expand the business functions. Disputes are referred to as disregarding promises according to WTO. A dispute mainly arises when a country accepts a particular trade policy or acquires certain actions which are considered to be inappropriate by one or more fellow WTO members on the basis of the agreements. The procedure of settling the disputes in WTO is the responsibility of the Dispute Settlement Body, which comprises of all its expert members. WTO’s Dispute Settlement Body also includes certain stages which include consultation comprising of at least 60 days. Prior taking any actions, both the countries are asked to make mutual settlement of the dispute...
The conclusion from this review states that the news of international expansion of Content Cow Dairy, Inc in order to enhance its reputation and brand image is one of the significant ideas which is highly appreciable. Notably, before expansion of the business dealing in dairy products in the market of Egypt, it is essential to obtain brief details about World Trade Organization (WTO) and its operations in the current structure of global markets. This is mandatory because many organizations dealing in the agricultural products are also highly penalized by WTO, thereby, increasing the tariffs, which rather proved detrimental for the business. The World Trade Organization (WTO) intends to manage and ease the global trade operations. The WTO is the only worldwide international association dealing with the policies and the rules of trade relationships existing amid two or more nations. At the heart are the accords of WTO, discussed and signed by the entire mass of the world’s trading nations. Thus, WTO is an organization where the associated members of the government attempt to solve the global trade related issues so as to ease the operations. Industrialization is the procedure of social and economic alteration that transforms the trade relations of the country. As a result of the development of new expertise, skills and techniques, the knowledge of the human beings are also improving resulting in the augmentation of the international trade operations. ...Download file to see next pages Read More