Non-tariff barriers to trade

1.1Statement of the Problems Muslim population is constantly growing and is a fact that the most populated area of Muslims from the world is the ASEAN region, considering Indonesia in first place followed for Malaysia, Brunei, Singapore, and Thailand. Muslims must follow their dietary code (based in the Shariah Law) where the word Halal which means the permitted items that they are allowed to consume, takes a huge importance because is a requirement for them. To obtain a Halal product this…

2.1 Tariff Reductions The GATT, later incorporated into the ITO, can be divided into two main parts. One was the tariff negotiations themselves. The other part was the general provisions side, which dealt with nondiscrimination and MFN treatment. During the interwar years, the unprecedented levels of tariffs and other trade barriers across the world smothered world trade. Hopeful that they could reverse the trend of protectionism, the delegates at Havana incorporated the GATT’s aim “To promote…

The government curtailed tariff ceilings to 60 percent, declined the number of tariff levels from 25 to 11. The government also eliminated some nontariff barriers such as 165 import monopolies were abolished and replaced by tariffs. In 1988, it removed import monopolies for plastic and steel. In May 1990, nontariff barriers for several commodities, such as consumer electronics and electronic components, were eliminated,…

Formation of Regional Trade Blocs WHY DO BLOCS TRADE ? [Paper 1] The basic question we try to address in this paper is whether regional trade agreements affect multilateral trade liberalization i.e, whether Minilateralism and Multilaterism are friends of foes. We also try to find out the various reasons responsible for the formation of Regional Trade Blocs and Free Trade Agreements. MINILATERALISM vs MULTILATERALISM There are two usual ways in which the respective governments might…

nations work to remove trade barriers and create greater trading opportunities, the school of thought has been global trade liberalization and/or regional free trade agreements. While economists and politicians have argued on both sides of this issue, there has yet to be a consensus on the most optimal arrangements. This is a complex and multifaceted question which requires finesse and cooperation among nations and globally. Presented is an analysis of regional free trade agreements, benefits…

of shortfall in trade liberalisation. These countries predominantly hinge on the production of traditional commodities as oppose to countries that embrace free trade and specialise in producing a wider range of goods. The marginalisation of these developing countries is believed to be caused by severe structural problems, poor political frameworks and home refuge. To eliminate obstacles and barriers in free trade, governments often aim to find strategies and ways to implement trade…

a. A hurricane that destroys half the supply of goods produced in Florida. Disasters increase the scarcity but they don’t reduce the ability of these markets to be able to respond to the scarcity. When a Hurricane strikes and destroys the supply of goods produced in Florida, the market will respond by decentralized communication of dispersed knowledge, eliminating the problems associated with centralized collection and analysis of massive amounts of rapidly changing information. This can be…

free - trade ag reements (FTA’s) “The United States and the Republic of Korea (ROK) signed the United States - Korea Free Trade Agreement (KORUS) ” (Office of United States Trade, n.d.,para.5) . Included with in KORUS is the gradually remov al of trade barriers – tariffs . Earlier milestone f ocused on facilitation of trade. T his paper will explore the implications of trade barriers , defining winners and losers . It is imperative to define the various trade…

successfully encouraged multilateral trade liberalisation and has provided a continuous negotiating forum for this purpose (Kyle Bagwell and Robert W. Staiger, 2005). Bagwell and Staiger (2005) add that, the WTO has achieved multilateral trade liberalization through advocacy for reduced tariffs and trade barriers and multilateralised by the Most Favoured Nation (MFN) rule, which requires that each member offers to every other member access to its markets on non-discriminatory terms (Kyle Bagwell…

is necessary to carry out trade negotiations and agreements with other countries. The development of international trade makes countries prosper by leveraging the goods they produce better, then trade with other countries. Integration of nations into global markets offers the possibility to accelerate economic growth, create better paying jobs and reduce poverty.…