barriers of international trade

8/8/2019 Barriers of International Trade

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-What is a Trade Barrier

Types:-Import duties -Import quotas-Import licenses -Tariffs-Export licenses -Subsidies-Non-tariff barriers to trade -Voluntary Export Restraints

-Economic Effect of Trade Barriers

-Common Arguments-Jobs Are Destroyed byTrade-Worker Wages Are Hurt byTrade.-National Security Is Threatened byTrade.-Special Industries with Unique and Substantial Economic Potential will not

mature without Protection from Trade.-Unfair Competition Undermines the Benefits of Trade.

-Three Major International Trade AgreementsEU, NAFTA, ASEAN

http://www.youtube.com/watch?v=YVt36Q1xLNk


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What is NAFTA?

Began on January 1, 1994

Between Canada the UnitedStates and Mexico

NAFTA pros and cons


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What is ASEAN?

Established on August 8th,1967

10 member countries

-Brunei Darussalam,Cambodia, Indonesia, Laos,Malaysia, Myanmar,Philippians, Singapore,Thailand, and Vietnam


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What is the EU?

27 member states

The Economic andMonetaryUnion (EMU):

15 member states, soon tobe 16 on January 1, 2009with the addition ofSlovakia

-10th Year of the Euro


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German purity law

In effect since 1516

Can only be called beer if ingredients are

only water, barley, and hops Repealed in 1987, replaced with

Protectionism against Belgium and Britain


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Controversial monetary aid program

Structural adjustment program

Removal of all internal subsidies

Jamaican milk subsidies


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Common Agricultural Policy (CAP)

Guaranteed minimum prices

Import tariffs and quotas on products outside

EU Conflict between US and EU

Subsidies resulting from political/economicreasons rather than real demand from

producers


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Increasing demandfor fuel-efficient, eco-friendlyvehicles

US automobile tradedeficit for 2007 $97.51billion

Japanese automakers

manufacturing in USfactories

Honda, Toyota, andMitsubishi all have USfactories


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European-style autosbecoming popular

Popular European

vehicles not legal inUS

Differences in US andEuropean safety

regulations inhibitingtrade


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Smart

Introduced January2008 by

DaimlerChrysler Slightly longer than

European vehicle

33mpg city, 41mpg

highway

Ford

Fiesta

Taurus

Transit Connect


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"The TIFA will be a platform to intensify our

trade and investment relations with the ASEAN

region, which collectively constitutes our fourth

largest trading partner and represents one of

the most rapidly growing and dynamic

economies in the world."

- Areas of mutual concern culminate in 3 Projects:- ASEAN Single Window- Plant health- Standardization


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http://www.cottingham.com.tw/c/en/news/latest-news/188.html

http://www.assatashakur.org/forum/conscious-edutainment-videos-movies-tv/30335-life-debt-how-imf-world-bank-has-impoverished-jamaica-other-countries.html

Trade Conflict and the US-European Union Economic Relationship, CRS Report for Congress, Raymond j.Ahearn

http://www.msnbc.msn.com/id/26444467/



http://trade.gov/mas/manufacturing/OAAI/auto_stat_index.asp

http://www.bls.gov/news.release/ximpim.htmhttp://library.thinkquest.org/06aug/00036/intltrade_barriers.html

http://www.itintl.com/

http://www.infoplease.com/cig/economics/barriers-international-trade.html

http://en.wikipedia.org/wiki/Main_Page

http://www.fas.usda.gov/itp/Policy/nafta/nafta.asp

http://www.aseansec.org/

http://europa.eu/index_en.htm

http://news.thomasnet.com/IMT/archives/2004/01/the_pros_and_co_1.html

http://www.youtube.com/watch?v=YVt36Q1xLNk

barriers of international trade

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