Mkt_359 - Kyle Gring Cornelis Veldhuijze Samuel Sovran...

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Kyle Gring Cornelis Veldhuijze Samuel Sovran In-Class Activity Barriers and Legal Issues- MKT 359 1) Australia is a low risk country to take our product into. They were ranked 6th best to do business in from the chart in the PowerPoint slides. They also have a free trade agreement with the US, so more than 99% of US manufactured exports are duty free, and it also eliminates all tariffs on textiles so there is no problems there. They also have a highly developed economy and little political instability so there are really no big risks to be considered when doing business there. 2) South Korea has a slightly higher risk of doing business in. They have tremendous tariffs on virtually all goods which creates a massive trade imbalance, so that will be something to be wary of. They have a highly developed economy now, but there is still high risk of going in there due to the domestic and political conflicts they have with North Korea. We must be aware that there
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