Essays on International Trade

Fair trade is a method for exchanging items that expect to guarantee that producer get a reasonable price. It primarily applies to things made for export in the international market like bananas, cocoa, coffee, cotton, tea or sugar. From the late 1990s, fair trade enhanced…

In book “Politics, Pressures, and the Tariff,” American political scientist E.E. Schattschneider described foreign trade as the fulcrum of interest group politics in the United States. The economic benefits of free trade are broad and diffuse, while the costs are narrow and concentrated. As a…

IFRS (International Financial Reporting Standards) are used world widely, especially within the European Union and Australia. It is a multinational language in the world of business, more specifically in the sector of accounting. IFRS has revised the conceptual framework that the International Accounting Standard Board…

Belgium is a country in Western Europe which is a sovereign state. Belgium is bordered by the Netherlands, Germany, Luxembourg, France and the North Sea. It has a total area of 30,528 square kilometers (11,787 sq mi). The capital and largest city of Belgium is…

NAFTA (North American Free Trade Agreement) The North American Free Exchange Trade is an contract between three nation such as Canada,America and Mexico. The main objective of this treaty is to lose the unrestricted flow of goods and services.This agreement come into existence in 1993….

In the sixteenth century, the Portuguese transformed maritime trade in the Indian Ocean through almost complete domination of the seas and control of profits made from trade. They were the leading country in European overseas exploration at the time, being the first to discover a…

The Foreign Exchange Market or Forex market is a very helpful of any country in transactions of another country. It is important as a result of the rate of exchange, the worth of 1 currency in terms of another, helps to work out a nation’s…

According to research, Ecuador is known as being the biggest exporter of bananas however, over the past two years it has dominated in a product that is consistently in high demand on Valentine’s day, Mother’s day and/or during the wedding season. We may love their…

20th century Trade War – The Reality A high-intensity trade dispute between two of the world’s largest economies — China and the US –is all set to effect global trade policies this year with the main focus being on protectionism. Although it seems there is…

The banana is a common fruit which is loved by many people. The original bananas have been grown and used since ancient times, even before rice. Although the banana grows vigorously in Africa, it is said to be native to East Asia and Oceania. India…

Unfortunately, agricultural progression has grown in the World’s foreign trade economic. Apparently, the Agriculture legation address a consumer assumption. When the progress develop into the Agriculture can then evaluate the procedure towards commodities, industrial, and manufacture cost. Not to mention, five year later after 2010,…

About 90% of the world’s trade is carried by the shipping industry. Ships are also considered important for travel, enjoyment, parties, celebration, defense, military weapon transport etc. The ships are remained for several time-periods in the sea, containing highly salty water and microorganisms. In shipbuilding,…

In many economics, companies involved in international trade normally have to prepare and submit large volumes of information and documents to governmental authorities to comply with import, export and transit-related regulatory requirements. This information and documentation often have to be submitted to several agencies, each…

Concept of National Single Window A single window is a one-stop facility that allows exchange of information between traders and government to reduce the complexity, time, and costs involved in international trade (ADIS and ESCAP, 2009). The features of a single window facility may include:…

“For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.” ~ James Forrestal Introduction Multinational corporations present an interesting dilemma in the world of international trade and, even more specifically, international trade law….