countries got down together to work on ways and means to promote international trade. The result was signing of General Agreement on Tariffs and Trade (GATT) by 23 countries in 1947. India was one of the founder members of GATT. GATT was created to reduce global depression and to liberalise and regulate the world trade by reducing tariff barriers. GATT has been replaced by WTO in 1995. WTO is wider in scope as it regulates world trade in goods‚ as well as in services intellectual property rights‚ and investment
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transported across the Atlantic Ocean by British ships. Although Britain was one of the key investors in the slave institution it became the first major European country to leave the trans- Atlantic slave trade and make it illegal in 1807. The discovery of the Americas at the end of the 15th century opened up new economic incentives that led to the greatest transportation of human capital in the form of slaves. From about 1500 to the end of the 1800’s millions of slaves from Africa were taken to the Americas
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The Function of International Trade In general‚ the function of international business is exchange of products‚ capitals and services from one nation to another nation‚ in short it is namely as export and import. Global trading gives consumer and countries an opportunity to expose the product and services which cannot derived in their own country. International trade enable a country to participate in global economy and it is also a good chance of Foreign Direct Investment (FDI) which that the
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STRUCTURED TRADE FINANCE WORKFLOW FOR TRADE FINANCE HOUSE Receipt of Request from potential client Deal Structuring Receive written request for Structured Finance product from a customer. Discuss the Business Proposal Authenticate the request to ascertain that it is genuine. Where applicable‚ check supporting documentation e.g. Audited accounts‚ Financial projections‚ proposed security‚ etc. Determine suitability of the client to the proposed solution. Assess all variables of the proposal
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Nicole Ransom INTS 101 Khalil Marrar 11/8/2012 How does the Cocaine drug trade affect its producing countries‚ what problems are seen‚ and what are possible solutions to these problems both locally and internationally? The drug trafficking problem focused on Cocaine is mainly limited to three countries‚ Colombia‚ Peru and Bolivia. These three countries are the main producers and traders when it comes to the Coca leaf and Cocaine. They all face problems created by the war on drugs centered
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Islamic Trade Finance Presented by Jamaliah Abd Malik Objective • At the end of this session‚ the participants will be able to • List down the trade finance-i products available • Explain briefly the concept applicable Contents • • • • • Introduction • What is trade • Method of payments Summary of products available with banks Letter of credit-i Trust receipt-i Letter of Guarantee-i Contents- contd • • • • • Shipping-i Accepted Bills-I Bills Purchased-i
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Trade union is a labor union of craftspeople or workers in related crafts‚ as distinguished from general workers or a union including all workers in an industry (Dictionary.com 2010). It is a de facto of the government‚ and they as often act as government representatives to workers’ trade union. It compromises those who are not part of the elite society. (Michael D. Barr‚ 2000‚ page 480). In this essay‚ I will first discuss the characteristics of trade union in Singapore which will include a brief
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World Trade Organization (WTO). An analysis is conducted of the three dimensions that pertain to the cultural issues retrieved in terms of ethics. Analysis will compare and contrast two of the ethical perspectives linked to one of the dimensions. Explanations of the perspectives in which serves the organization best along with three supporting features given. The World Trade Organization (WTO) is a global organization in which governs international trade (World
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Fair Trade Coffee: Ethics‚ Religion‚ and Sustainable Production Global Marketing Management International Summer University 2010- WU‚ Wien Table of Contents Introduction 3 Problem Statement 3 The Fair Trade vision 3 Background: The Fair Trade Foundation 4 Background: Fair Trade Labeling Organization International 4 Fair Trade Mark 4 Fair Trade Pricing 5 The Fair Trade Premium 5 Question 1. Why should Starbucks‚ Kraft‚ and Nestle create ‘ethical supply chains’? 6 Question
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* The Role of Trade Union Trade unions are unique organisations whose role is variously interpreted and understood by different interest groups in the society. Traditionally trade unions role has been to protect jobs and real earnings‚ secure better conditions of work and life and fight against exploitation and arbitrariness to ensure fairness and equity in employment contexts. In the wake of a long history of union movement and accumulated benefits under collective agreements‚ a plethora of
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