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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only water, barley, and hops Repealed in 1987, replaced with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://www.msnbc.msn.com/id/25811141/
http://www.msnbc.msn.com/id/13593486/
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