CS#3-International Trading Policies.pdf - BUSINESS CASE 1...

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BUSINESS CASE 1 Copyright © 2020 CASE #3 INTERNATIONAL TRADING POLICIES TRAINING DEPARTMENT [Assigned on 5/12/20. Execute before 5/13/20 12 PM ET NOON]
BUSINESS CASE 2 Copyright © 2020 CASE #3 INTERNATIONAL TRADING POLICIES LEARNING OBJECTIVES 1. To learn about an international trading organization by learning international trading regulations and policies. 2. To have an overview of the main international trading policies and terms. International trading policies are a set of laws and parameters designed to manage imports and exports in international trade. International Trading Regulations, Policies & Terms An exchange of services and goods among nations across the world is known as international trade. The international trade regulations include the suitable customs and rules for managing trade activities among nations. Nonetheless, these are also used in legal writings as an exchange among private sectors, which is appropriate. The exchange activities among the private sectors of different nations are a significant part of the World Trade Organization (WTO) activities. International trade regulation helps in monitoring deceptive or unfair business practices or acts and it also highlights unfair methods used by the corporations to compete in the international markets. Antitrust Law is considered a subset of trade regulation law, which highlights the inefficiencies observed in trading partner nations and also facilitates keeping checks over domestic trade activities that are critical to GDP. The international trading policy, also known as commercial policy, is a set of regulations and rules that are designed to change flows of international trade, predominantly to limit imports. International trade law is a combination of legal rules derived from new lex mercatoria and international legislation, which regulates relations in international trade. International legislation is based on the international acts and treaties of international intergovernmental organizations that regulate associations formed in international trade. On the other hand, lex mercatoria is the law for merchants on land. The WTO is an international organization established in 1995to monitor international trade and it played a major role in the development of international trading law. The WTO does not dictate the actual rules, which are governed by the nations during
BUSINESS CASE 3 Copyright © 2020 international trade in various areas, but it regulates trade and alerts the nations about any wrongdoing.

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