Chapter 3 Powerpoint

Chapter 3 Powerpoint - Chapter 3 The Global Trade...

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Unformatted text preview: Chapter 3 The Global Trade Environment: Regional 23-2 Introduction This chapter looks at Global trade organizations Four types of agreements Individual Insert photo 3-1 WTO protesters 33-3 GATT General Agreement on Tariffs and Trade Treaty among nations to promote trade among members established in 1947 Handled trade disputes Lacked enforcement power Replaced by World Trade Organization in 1995 43-4 The World Trade Organization Forum for trade- related negotiations among 150 members Based in Geneva Serves as dispute mediator through DSB 53-5 WTO Structure 63-6 Many countries seek to lower barriers to trade within their regions PTAs give partners special treatment and may discriminate against others More than 150 PTAs have notified the WTO Preferential Trade Agreements 73-7 Free Trade Area Two or more countries agree to abolish tariffs and other barriers to trade among themselves Countries continue independent trade policies with countries outside agreement Rules of origin requirements restrict transshipment of goods from the country with the lowest tariff to another 83-8 Customs Union Evolution of free trade area Includes the elimination of internal barriers to trade (as in FTA) AND establishes common external barriers to trade Ex: The EU and Turkey, the Andean Community, Mercosur, CARICOM, Central 93-9 Common Market Includes the elimination of internal barriers to trade (as in free trade area) AND establishes common external barriers to trade (as in customs union) AND allows for the free movement of factors of production, such as labor, 103-10 Economic Union...
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This note was uploaded on 06/12/2011 for the course MKTG 475 taught by Professor Field during the Spring '11 term at Nicholls State.

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Chapter 3 Powerpoint - Chapter 3 The Global Trade...

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