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Essay on food safery standards
Protectionism and free trade
Free trade and protectionism
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QUESTION 2
Trade barriers are prohibitions or conditions implemented by government to restrict free trade between a country with other international countries when it comes to the importation or exportation of goods. Trade barriers result from laws and regulations in a country. Examples of trade barriers could be quotas, tariffs, import bans, quality conditions, import and export licences, subsidies, just to mention a few.
An example of a trade barrier which countries could face is that of the implementation of protective tariffs, which includes border and port congestion, technical standards, customs inspection, just to mention a few.
The main trade barrier to regional trade in Africa is that of a poor transport network. According to a study done by the United Nations Economic Commission for Africa (ECA) it was discovered that the highest transport costs are in African countries. High transport costs are due to poorly maintained roads and infrastructure and the fact that not all countries have harbours, makes transport
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As they tried to this, new barriers were brought in such as products having to meet certain quality standards. This is what we call a technical barrier and is one of the most important in Africa. It sets out the requirements of how goods should be produced, processed, packaged and transported. It is a good thing as it gives the consumer value for their money and it also protects the consumer from food hazards with this barrier in place. It is also aimed at the protection of plant health. Certain African countries, such as South Africa, requires that goods be imported from other African countries are disease free, if they go through a thorough inspection process to see that they do not exceed the limits set for insecticides and pesticides as these could be harmful to humans and
In documents one and two they explain and evaluate the trading system and routes of the African empires, kingdoms, and cities. Document one shows the layout of the Aksum trade center and the routes which lead to and from it. Aksum is an empire located right by the Red Sea, its location made it an important international trading center. African trade centers mainly focused on the exchanges of salt and gold. Since the red sea ports are controlled by the rea sea and Aksum was located right by it, its locations made it the center of the trade center. However, in document two it describes the trans-Saharan gold and salt trade. The trans-Saharan gold and salt trade was controlled by the rich and powerful Ghana kingdom. The king had shields
Trade is the most common form of transferring ownership of a product. The concepts are very simple, I give you something (a good or service) and you give me something (a good or service) in return, everyone is happy. However, trade is not limited to two individuals. There are trades that happen outside national borders and we refer to that as international trading. Before a country does international trading, they do research to understand the opportunity costs and marginal costs of their production versus another countries production. Doing this we can increase profit, decrease costs and improve overall trade efficiency. Currently, there are negotiations going on between 11 countries about making a trade agreement called the Trans-Pacific
African society used bodies of water such as the Nile, the Red Sea, and many more to transport goods across the continent and generate profit. For example, the city of “Aksum reached its height between 325-360. Aksum’s location made it an important international trading center.” After analyzing the map of trade routes in Document 1, it is clear Aksum was strategically built to have ties to the Red Sea and the Gulf of Aden. These two bodies of water give the city the freedom to import and export goods. Additionally, this work of trade did not come without reward. Cities who succeeded in the business became overly wealthy and had surpluses of gold and other riches. A king, Mansa Mansa, who expanded the Mali kingdom to be twice the size of Ghana, was not afraid to show his wealth as he showered other cities in riches out of generosity. In Cairo, Egypt, “there was no person, officer of the court, or holder of any office of the Sultanate who did not receive a sum of gold from him.” This is just one of the many examples of wealth in african cities and empires. What is impressive is the fact that before European trade became an influence, African people had already created a successful and very profitable system of
Office of Industries, U.S. International Trade Commission.(2009).Export controls: an overview of their use, economic effects, and treatment in the global trading system. Retrieved from United States International Trade Commission http://www.usitc.gov/publications/332/working_papers/ID-23.pdf
Jamaica is home of the phrase “be happy, don’t worry,” and is a popular tourist spot that foreigners escape to for a temporary slice of paradise. Given the success of the tourist industry, it is easy to mistake Jamaica as a thriving country with the locals living blissfully in paradise; the clip from “Life and Debt” completely dispels these notions and introduces the negative effects that have developed from free trade policies that were recommended by the International Monetary Fund. International Monetary Fund representatives in the clip present globalization and free trade as a form of economic liberation that would bring Jamaica economic success despite its small size. An IMF representative in the clip states that, “Jamaica is a very small
With Europe in control, “the policies of the governing powers redirected all African trade to the international export market. Thus today, there is little in the way of inter-African trade, and the pattern of economic dependence continues.” Europeans exported most of the resources in Africa cheaply and sold them costly, which benefited them, but many Africans worked overtime and were not treated with care.
Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .
goods such as, licenses, charges, custom practices, and many other various types of certification. During World War I, trade barriers were very common and often known as tariffs. However, due to the territorial negations regarding the seas, trade was much harder to accomplish successfully, leading to the excessive amount of trade barriers. These tariffs were government run and imposed restraint of international goods and services that were flowing through different countries. The most common trade barrier was the tariff tax rates, which was quite extensive during this time. The government during World War I knew that these tariff taxes resulted in a much higher cost for the internal and domestic goods that were being imported. The government
International Trade Law Case Study Introduction International trade transaction is essential for the sale of goods with the addition of an international element. In practice, the seller and buyer are in different countries where the goods must travel from the seller’s country to the buyer’s country by various means of transports. In international sale of goods, they usually transit the goods by sea because of the international transactions. Therefore, contracts for the carriage of those goods must be procured between the seller or buyer and common carrier depending on different types of sale of contracts. Moreover, in most of incidences, the agreed goods are usually insured at a reasonable amount in case of being loss or damaged during the transit.
In the past two decades, transportation cost of cargo has decreased that has aided in improving productivity and economic growth. Nonetheless, the operations of the market forces and the rising cost of fuel as well as environmental concerns impact on the cost of transporting goods from one place to another. Subsequently, the high cost of moving goods will be felt throughout the economy affecting enter...
6- Salem, M. (2012, August 20). Free trade barriers: Weapons used against undeveloped and poor nations. Retrieved from http://www.buddhasemptyplace.com/2012/08/20/free-trade-barriers-weapons-used-against-undeveloped-and-poor-nations/
The Europeans saw Africa as being a great place to obtain all types of resources from labor to natural materials. Items such as cotton, coal, rubber, copper, tin, gold, and other metals were considered very valuable and readily available in Africa (Nardo). The industrial revolution had already become a strong influence on the countries that attended the Conference. They had spent the past...
We all know that each nation has a unique set of barriers; these could be institutional, trade, political or international. Countries must control these barriers to be successful globally.
One limitation of International Trade is "dumping." The Investopedia states that, "dumping in international trade occurs when one country exports a significant number of goods to another country at prices lower than in the domestic market (Investopedia. 2010)". For example, if a country decides to sell exported products cheaper than it does to its residents, the process is known as dumping. Romadia has to decide whether to impose tariffs, or set a quota on its import products. Dumping has created a probability that an adverse effect can happen because the result of the adverse effect is a shortage and increases in the prices of the products. Price increases lower the demand for the products. The country’s growth progress hindered because dumping is hurting those countries competing.
The current form of globalization and free trade is under criticism. Although our life is changing because of globalization and the increasing open market, we can hardly feel the great benefits that free trade brings to us, especially those people from developing countries. It appears that countries and companies with power are controlling the whole global market. (Shah, 2007) Theses powerful countries would like to set many barriers to prevent some products from other countries to enter into their own countries. (Litonjua, 2010) How can we reduce barriers, including tariff and non-tariff, to realize free trade?