Answer Guide The best source for this is the World Trade Organizations Regional

Answer guide the best source for this is the world

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towards integration. Answer Guide: The best source for this is the World Trade Organization’s Regional Trade Agreements, accessed via the WTO homepage at . From there, search for regional trade agreements. The site mentions how regional trade agreements (RTAs) have become increasingly prevalent since the early 1990s. As of 1 February, 2016 , some 625 notifications of RTAs (counting goods, services and accessions separately) had been received by the GATT/WTO. Of these, 419 were in force. What all RTAs in the WTO have in common is that they are reciprocal trade agreements between two or more partners. Information on RTAs notified to the WTO is available in the RTA Database. The WTO also receives notifications from WTO members regarding preferential trade arrangements (PTAs). In the WTO, PTAs are unilateral trade preferences. Information on PTAs notified to the WTO is available in the PTA Database. 8. Australia and Thailand have a free trade agreement that took effect in 2005. In 2006, Australia imposed antidumping duties in the form of increased tariffs on canned tuna and canned pineapple imports from Thailand. Thai imports had exceeded the quota and, as a safeguard to protect Australian food producers, the antidumping measures were triggered. You are a researcher for the general manager of an Australian firm that processes canned tuna and pineapples in Thailand and then exports them to Australia and other countries in the region. Prepare a 15-minute presentation to managerial staff examining and recommending alternatives on how the firm should respond should such an event occur again. Answer Guide: Responses to this question filter to many areas of the firm. Ethics and corporate responsibility, managerial practices and standards of quality and control, such as predatory pricing and experience curve pricing, both of which can run foul of antidumping regulations. Other issues the company needs to address may be with regard its competitors, pressures to reduce costs in manufacturing whilst maintaining or increasing profits and the access to the markets. To signal to authorities such as the WTO with regard to dumping will require proactive skills of management more than reactive ‘after the event’ skills to be persuasive. In particular, the briefing will need to include how the firm will demonstrate to the WTO that it has ‘moved on’ from the incident and that it is now a credible, reputable, reliable and honest firm. This, however, would need to be demonstrated as a current Hill (2017), Global Business Today 4e, McGraw-Hill Education (Australia),_IRM Chapter 03
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fact and not a future promise. IBGA1: Discipline Knowledge and Skills; IBGA2: Critical Analysis 9. CASE ANALYSIS Read again the Opening Case, ‘Unease Over China’s Rare Earths Trade Policies’, and answer the following questions. Summary Rare earth elements have some unique physical and chemical properties. These properties have led to an ever-increasing variety of applications and demand in the electronics and cutting-edge technology
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