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35 Cards in this Set
- Front
- Back
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European Union
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organization formed in 1993 to expand cooperation in trade
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Countries in EU
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Belgium, Denmark, France, Germany, Greece, Ireland, Italy,Luxembourg, Netherlands, Portugal, Spain, UK, Austria, Finland, Sweden, Cyprus, Czech Rep., Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia
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Supranational Organization
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requires that members give up a portion of their control over selected policies and allows the organization to compel compliance with its mandates
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NOT IN EU
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Turkey
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Trade shows, fairs, exhibitions
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includes exhibitions, demonstrations & seminars by textile and apparel vendors to sell goods at wholesale to manufacturers and retailers
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Pret a Porter
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French ready-to-wear apparel
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Intra EU
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trade among countries in EU
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Extra EU
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trade with countries that are not members of EU
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Industrial Espionage
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made it possible for US spinners and weavers to use machines copied from English Inventions
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Germany
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-Financially Sound
-highest GDP -largest economy & population |
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Italy
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-north is prosperous
-Milan, Florence |
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Haute Couture
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High Fashion
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Spain
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Zara
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Poland
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-Hand work & embroidery
-90% exports CMT |
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Russia
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-Formerly Russian Federation
-nearly twice the size of US -Currently US doesn't import from Russia |
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Romania
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-small fabrics
-quality -handwork |
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Russian Market
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-JLo
-Hilfiger -Luxury Brands go to Russia because they have money to spend |
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Panama Canal
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Owned by China
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ATPA
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(ANDEAN Trade Preference Act)
Primary trade agreement between US and northern South America |
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FTAA
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(Free Trade Area of the Americas)
under discussion in early 2000's involving 34 countries in North, Middle, and South America |
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NAFTA
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(North American Free Trade Agreement) eliminated tariffs and quotas among Canada, Mexico, and US
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MERCOSUR
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(Southern South American Common Market)
-includes Argentina, Brazil, Paraguay& Uruguay - accounts for 70% of South America's total economy *Chile not included |
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OAS
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(Organization of American States)
4 official languages: English, Spanish, Portuguese, French |
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Cultural Differences
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between South Amer., Central Amer., and US
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North America
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Canada
Mexico US |
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Caribbean Basin
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Costa Rica
D.R. El Salvador Guatemala Haiti Honduras Jamaica Nicaragua |
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South America
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Argentina
Brazil Chile Colombia Peru Uruguay Venezuela |
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NAFTA
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US
Canada Mexico |
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CBERA
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Costa Rica
D.R. El Salvador Honduras Jamaica |
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ANDEAN
MERCOSUR |
Argentina
Brazil Chile Colombia Peru Uruguay Venezuela |
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Los Angeles
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-largest apparel employer
-NYC is second |
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San Pedro Mart
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-Korean Apparel Market Center
-1st language Korean -2nd Spanish -3rd English |
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Hollywood
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-Everyone has a price
-Agents cut deals for celebs to make money off designers |
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Mass Retailer Giants
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Wal Mart (US)
ASDA (UK) |
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ANDEAN Countries
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small source of US imports of textiles and apparel
-Peru & Columbia account for most US imports from region |
