BTW3201 International Trade Law Assignment 2 Jesse Cooper‚ 21476608 Part A: On the face of it‚ or prima facie there are three issues that are raised in this case. Firstly‚ the jeans were delivered late; secondly‚ the jeans were mouldy and stained; and finally‚ an incorrect number of jeans were delivered. In order to determine the rights and obligations of Punked Jeans‚ and which remedies could be availble‚ there are a number of steps to be taken. What are the governing laws of
Premium Common law Contract Contract law
Risks in International Trade & Mitigating Measures What are the different types of risks in international trade? For buyers and sellers that are engaged in international trade‚ they may experience one or more of the following risks: * Buyer’s Insolvency/Credit Risk * Buyer’s Acceptance Risk * Knowledge Inadequacy * Seller’s Performance Risk * Documentation Risk * Economic Risk * Cultural Risk * Legal Risk * Foreign Exchange Risk * Interest Rate Risk * Political/Sovereign
Premium Multinational corporation Risk Foreign exchange market
ANNUAL REPORT 2011 - 2012 Trends in India’s Foreign Trade India’s Trade Performance India’s merchandise exports reached a level of US $ 251.14 billion during 2010-11 registering a growth of 40.49 percent as compared to a negative growth of 3.53 percent during the previous year. India’s export sector has exhibited remarkable resilience and dynamism in the recent years. Despite the recent setback faced by India’s export sector due to global slowdown‚ merchandise exports recorded a Compound Annual
Premium International trade Export Balance of trade
RUNNING HEAD: Trade Paper Trade Paper Bethany Cantrell Economics‚ Semester 2‚ Block 2nd Mrs. Combs April 30‚ 2014 Free trade is something every country should be involved in. Free trade is the unrestricted purchase and sale of goods and services between countries without the burden of constraints such as tariffs‚ duties and quotas (Investopedia‚ n.d.). Free trade is important for three reasons. It increases competition‚ it minimizes war‚ and
Premium International trade Free trade
Pakistan‚ Introduction The inability of the World Trade Organisation (WTO) to broker a multilateral trading system acceptable to all its members sparked a rising interest in regionalism. The first wave of regionalism in the 1960s was divided along North-North and South-South trading arrangements. In the 1980s‚ the second regionalism wave evolved into a North-South trading arrangement. (1) However‚ in a post-Cold War setting‚ regional groupings have responded to the volatility of the multilateral
Premium International trade Asia Free trade area
Lecture 4 & 5 - CISG- International Contracts of Sale of Goods Contract The issues in this case is -- what is the governing law? -- Does CISG apply? -- Is there a breach of contract by (seller) as regards to (a) Delay of delivery (b) quality if wines? -- What are the remedies available to (buyer)? 1. Is there a choice of law clause? ( Yes – Australian is the governing law ) ( No- where there is no choice of law clause in the sale contract‚ courts will choose the law of nation which has the ‘ closest
Premium Contract Contract law Insurance
Chelsea McCann Chapter Five: 3. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair”? Do you think that this argument is in the best interests of (a) the unions‚ (b) the people they represent‚ and/or (c) the country as a whole? Low-wage countries produce the same products for less than a developing country could. The reason unions
Free Developing country Developed country Cyprus
FTAA What are the main reasons why governments across the Americas are pushing for the free trade area?. Main reasons are explained in the Summit Of The Americas (December 1994) among all the reasons we can emphasize the idea of unifying efforts among all American countries (or most of them‚ Cuba is not included for example) in order to achieve a faster economic growth ‚ lower inflation‚ expanded oportunities and confidence in participating in the global marketplace and to promote prosperity
Premium International trade United States Free trade
International Human Sex Trade. Human trafficking is identified as “the sustained physical and psychological abuse of the victim solely for financial gain. It starts the moment the individual is deceived‚ persuaded‚ abducted or otherwise forced into the hands of the traffickers and can continue long after the victim escapes” (Europole‚ 2005). It can be classified into two categories - sexual exploitation and forced labour. This paper is focused on sex trade as a crime against humanity from the
Free Slavery Human trafficking Human rights
International Trade and Finance ECO/372 November 24‚ 2012 Carol Szerszen The purpose of this paper is to prepare a speech that will be provided to a number of reporters that are not well versed with economics. In this paper I will talk about international trade and foreign exchange rates and how those affect the GDP‚ domestic markets‚ and students. I will also outline some of the benefits on goods and services that are imported from other countries and how those contribute to our economy
Premium Economics International trade Trade