Modern non-tariff measures 1. Import deposit schemes: this requires importers to deposit a certain amount with the central bank of the country. This makes importing more time consuming and more expensive and reduces the liquidity of the importing firm. 2. Voluntary Export Restrain (VER): it is an agreement between two countries where the government of exporting country agrees voluntary to restrict the volume of its exports of a certain good. Ex. Japan’s VER with USA in the export of motor
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among its members‚ protection of regional peace and stability‚ and opportunities for member countries to discuss differences peacefully. ASEAN has emphasized regional cooperation in the “three pillars”‚ which are security‚ sociocultural integration‚ and economic integration. The regional grouping has made the most progress in economic integration by creating an ASEAN Economic Community (AEC) by 2015. AEC envisages the following key characteristics: (a) a single market and production base‚ (b) a highly
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Colin Powell once said “Free trade is a powerful instrument of freedom; a vibrant and dynamic market is the most powerful force for economic growth and sustainable development. This is not ideology talking. Facts speak for themselves and they tell us that free trade means bread‚ bread for the neediest of our people” (Quotations‚ 2009). Although there are number of legislations and policies that regulate globalization‚ the way those regulations have been implemented
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WHY is Asean silent on the issue of Rohingya Muslims‚ who have been suffering for centuries under the Myanmar army junta? Recently‚ they were told to leave the country to a third world nation willing to receive them. This is cruelty towards their own people and it seems that the world is just watching the injustice done to them‚ without any assistance‚ support or solution. In June 2012‚ over 2000 people were displaced in sectarian violence in Myanmar‚ in which most victims were Muslims. The government
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NAFTA – Ralph Nader‚ Free Trade And the Decline of Democracy 1. According to Nader‚ why are multinational corporations so supportive of NAFTA and the new GATT proposals? Multinational corporations are working hard to expand their control over the international economy and to undo vital health‚ safety and environmental protections won by citizen movements. 2. What will be the economic implications of NAFTA for the US Economy according to Nader? Enactment of the free trade deals virtually ensures
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Canada’s International Trade Pattern Final Draft April 2013 Introduction Canada with per capita GDP of US$ 42‚ 734 (PPP adjusted) is ranked 9th in the world‚ according to the IMF WEO estimates. The total size of Canada’s economy‚ as of 31 March 2012‚ stands at US$ 1‚446 billion (PPP) (Cheung‚ 2009) as per IMF figures and ranked at 13 in the world. The country’s merchandise trade rebounded after 5 years of slump and has been in the growth path since 2010. The reversal had been bolstered by
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ASEAN Economic Integration 2015 As the world today becomes more complex in term of politics and economics‚ there are agreements or treaties created in order to maintain the stabilization and development. One of the significant things that most states mainly concern about is the economic development; as a matter of fact‚ since the collapse of the Soviet Union‚ the world has given more priority to the economic development. On top of that‚ there were creations of free trade agreement among countries
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Why ASEAN is not successful as other integration Association of Southeast Asian Nations (ASEAN) Once hailed as perhaps the most successful example of regional organization in the developing world‚ ASEAN is now widely perceived to be in decline and ineffective. ASEAN‚ Association of Southeast Asian Nations‚ was founded in August 1967 to fight with an overwhelming threat of communism in Southeast Asia. The founding members were Thailand‚ Singapore‚ Malaysia‚ Philippines‚ and Indonesia. Since the Vietnam
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Asean The Association of Southeast Asian Nations (ASEAN) has plans to fast track the integration of its member countries over the next few years. Aside from encouraging cooperation through traditional diplomatic and cultural activities‚ there are also ambitious proposals for ASEAN to issue a single visa and currency‚ and even form a united regional Olympic team. The advantages of a united ASEAN are easy to imagine. A cohesive ASEAN would likely bring tremendous benefits to Southeast Asians in
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unlucky individuals who also saw their job move to Mexico. QUESTION 3: With hindsight‚ do you think it is better to protect vulnerable industries such as textiles‚ or let them adjust to the painful winds of change that follow entering into free trade agreements? What would the benefits of costs of protection be? What would the costs be? ANSWER 3: Most students will probably agree that protecting an industry is simply a recipe for prolonging the inevitable pain of readjustment. Students
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