Content Page 1. Executive Summary………………………………………………………………... 3 2. Brief Background Information on Free Trade Agreement……………………… 4 3. Brief Overview of ASEAN-Korea Free Trade Agreement (AKFTA)………..…. 4 4. Benefits of AKFTA on Companies in Singapore a. Economic Benefits – Trade in Goods and Services……………..………… 5 b. Intellectual Property Protection………………………………………………. 7 c. Human Resource Management and Development………………………… 8 5. Challenges Faced By Companies in Singapore regarding to AKFTA
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the doubt and fear of rejection when Danille Fritzgerald Soria and Lutfiya Al-Qarani knocked every door of the participants of a youth summit to express their excitement of the then upcoming integration of the Association of Southeast Asian Nations (ASEAN). The initial concept is simple which was to generally promote awareness of the integration in the online sphere. Their initial invitation was not well received but they were never discouraged and they pushed to convince. Alas‚ hope began to rise when
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cover all areas of trade documented by the WTO. There are exceptions to the MFN Treatment principle however‚ as free trade agreements can be set up between nations‚ which discriminate against outside goods. The North American Free Trade Agreement (NAFTA) is an example of a free trade agreement between nations‚ whereby Mexico‚ Canada‚ and the U.S. allow free trade between their countries‚ without restrictions or tariffs. An exception such as this will only be tolerable under very stringent conditions
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countries in the ASEAN bloc‚ and its effect on potential business opportunities. Regional Integration “Regional economic integration refers to agreements between countries in a geographic region to reduce tariff and non-tariff barriers to the free flow of goods‚ services‚ and factors of production between each other” (Hill‚ 2009 Ch. 8). Association of Southeast Asian Nations (ASEAN) “The Association of Southeast Asian Nations (ASEAN) was established
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World Trade Organisation (WTO): an international body responsible for negotiating trade agreements and “policing” the rules of trade to which its members sign up. Trade disputes between members are settled by the WTO. Absolute advantage: where one country is able to produce more of a good or service with the same amount of resources‚ such that the unit cost of production is lower. Comparative advantage: where one country produces a good or service at a lower opportunity cost than others. Relative
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2.0 MACROENVIRONMENT ELEMENTS As an entrepreneur‚ they need to evaluate the environment not only prior to the start-up of their business but also during the growth stage of ventures. The environment means the situation where the company business ventures operate. As we know‚ ventures environment can be divided into two sections that are External environment and Internal environment. And the external environment also divided into two parts‚ which are Macro environment and Micro environment. But in
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Collect data on foreign technical and financial collaborations for the last ten years and write a detailed note on the annual trends of these collaborations. Foreign collaborations Into the Indian Market has been on the rise since past few years‚ especially with the boom in the IT sector. Manufacturing‚ banking‚ healthcare and textiles are among the other important sectors where foreign ventures have taken place in the Indian market. The period 1991-2000 saw total number of collaborations in
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extremely significant. Vietnam lost about 1.5 million soldiers and civilians and lost another 1 million people who fled the country. Those who fled included many skilled workers and intellectuals. To further strain the economy of Vietnam‚ the Vietnam War
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com/about_6722357_iso-22000-standards.html New Zealand Ministry of Foreign Affairs & Trade. (2013). What is the ASEAN Free Trade Agreement?. Retrieved from http://www.asean.fta.govt.nz/what-is-the-asean-fta/ Ministry of Foreign Affairs & Trade. (2009). Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area. Retrieved from http://www.mfat.govt.nz/downloads/trade-agreement/ASEAN/aanzfta-guide-booklet.pdf William Reed Business Media. (2012). Fonterra goes ‘local’ in Indonesia for swift market
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CHAPTER 1 INTRODUCTION TO GLOBAL MARKETING SUMMARY A company that engages in global marketing focuses resources on global market opportunities and threats. Successful global marketers such as Nestle‚ Coca-Cola‚ and Honda use familiar marketing mix elements – the four Ps – to create global marketing programs. Marketing‚ R&D‚ manufacturing‚ and other activities comprise a firm’s value chain; firms configure activities to create superior customer value on a global basis. Global companies
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