Benefits of Blocs In general‚ the benefits of establishing trading blocs are to remove trade and investment barriers within trade blocs. It will also increase interdependency of neighboring countries on one another; encouraging trade within two countries or more. COMESA‚ which abbreviates Common Market for Eastern and Southern Africa‚ offers very extensive benefits and advantages for its member States as well as the business community. Because of its focus on full private sector participation in
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Business in Asia Subject : ASEAN 2015 Introduction: The association of Southeast Asian Nations (ASEAN) was established in 1967 as an organization for economic‚ political‚ social and cultural cooperation among its member countries. Its goal includes also protection of regional peace and stability. The original members are: Indonesia‚ Malaysia‚ the Philippines‚ Singapore and Thailand. Now‚ there are 10 memberships: Brunei‚ Myanmar‚ Cambodia‚ Laos and Vietnam. ASEAN has a population of approximately
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Bloc Québécois Platform: If the Bloc Quebecois were elected‚ this is what they would do: 1. The primary goal of the Bloc Quebecois is an independent Quebec. 2. The Bloc Quebecois intend to create an independent health care system‚ run by Quebec. They promise to maintain universal health care. 3. The majority of Bloc Quebecois MPs are in favors of allowing same-sex couples to marry. The Bloc Quebecois have promised to allow a free vote in Parliament on the issue. 4. The Bloc Quebecois has suggested
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EC3373 ASEAN ECONOMICS Vietnam in ASEAN Tutorial Group: W2 (Friday 1-2pm) Han HeChou Aaron A0085883M Introduction “The fastest growing emerging economy by 2050”‚ this is what the Senior Partner of PricewaterhouseCoopers LLP‚ John Hawksworth‚ claims of the potential for the Vietnam’s economy.Vietnam has transformed from a nation plagued with wars in the 1970s‚ to an economy that has posted annual per capita growth of 5.3% since 1986. Vietnam’s economic success started after the implementation
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I. Introduction ASEAN which is the acronym for Association of Southeast Asian Nation‚ was established on 8 August‚ 1967 whose member states include: Brunei Darussalam‚ Cambodia‚ Indonesia‚ Lao PDR‚ Malaysia‚ Myanmar‚ Philippines‚ Singapore‚ Thailand and Viet Nam. The aim of ASEAN was to strengthen self-reliance and regional cohesion‚ while emphasizing social‚ cultural and economic cooperation and development. In order to achieve those objectives‚ ASEAN Community 2015 was established and comprised
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The aim of this work is discuss Nigeria’s regional economic bloc (ECOWAS)‚ the implications of this Economic Bloc to International Business and its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key
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Analyzing India’s Association With Different Trade Blocs The following Trade Blocs are analyzed: 1> SAARC: About: The South Asian Association for Regional Cooperation was established on 8 December 1985 by the 7 governments representing India‚ Bangladesh‚ Bhutan‚ Maldives‚ Nepal‚ Pakistan & SriLanka. Afghanistan was added to the regional association in April 2007 and SAARC is headquartered in Kathmandu‚ Nepal. The objectives of this SAARC association are to promote the welfare
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Nations‚ also known as ASEAN‚ consists of 10 member nations. The objective of the association‚ established in 1967 in Bangkok‚ Thailand‚ was to “to accelerate economic growth‚ social progress and cultural development in the region and to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the region and adherence to the principles of the United Nations Charter” (ASEAN official website). Originally‚ ASEAN consisted of Indonesia
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Opportunities for Travel Industry in ASEAN General Purpose: To inform Specific Purpose: To inform my audience about the some business opportunities for travel industry in ASEAN Central Idea: ASEAN will open up many business opportunities for travel industry including Cruise ship tourism‚ MICE tourism‚ and ecotourism. Introduction: Attention: Welcome. Chào mùng. Selamat Datang. Mabuhay. Sohm Swaakohm. Mingalaba. Yin Dee Tohn Hap. Sawaddee. Welcome everyone to ASEAN community. 900 million people
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8.Discuss‚ with examples‚ the following statement:"the rise of regional trading blocs threatens the free trade progress made by the WTO." Regional trade blocs compete against each other. Free trade will exist within each bloc‚ but each bloc will protect its market from outside competition with high tariffs. Trade diversion occurs when lower-cost external suppliers are replaced by higher-cost suppliers within the free trade area. Eg. United States and Mexico set up a free trade area and imposed
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