Andrew DeCanniere
Emilia Antezana
Laura Armgardt
Katie Lorge
October 28, 2008
BA 381
-What is a Trade Barrier
Types:
-Import duties
-Import licenses
-Export licenses
-Non-tariff barriers to trade
-Import quotas
-Tariffs
-Subsidies
-Voluntary Export Restraints
-Economic Effect of Trade Barriers
-Common Arguments
-Jobs Are Destroyed by Trade
-Worker Wages Are Hurt by Trade.
-National Security Is Threatened by Trade.
-Special Industries with Unique and Substantial Economic Potential will not
mature without Protection from Trade.
-Unfair Competition Undermines the Benefits of Trade.
-Three Major International Trade Agreements
EU, NAFTA, ASEAN
http://www.youtube.com/watch?v=YVt36Q1xLNk
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What is NAFTA?
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Began on January 1, 1994
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Between Canada the United
States and Mexico
NAFTA pros and cons
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What is ASEAN?
Established on August 8th,
1967
10 member countries
-Brunei Darussalam,
Cambodia, Indonesia, Laos,
Malaysia, Myanmar,
Philippians, Singapore,
Thailand, and Vietnam
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What is the EU?
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27 member states
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The Economic and
Monetary Union (EMU):
15 member states, soon to
be 16 on January 1, 2009
with the addition of
Slovakia
-10th Year of the Euro
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German purity law
In effect since 1516
Can only be called “beer” if ingredients are
only water, barley, and hops
Repealed in 1987, replaced with
Protectionism against Belgium and Britain
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Controversial monetary aid program
Structural adjustment program
Removal of all internal subsidies
Jamaican milk subsidies
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Common Agricultural Policy (CAP)
Guaranteed minimum prices
Import tariffs and quotas on products outside
EU
Conflict between US and EU
Subsidies resulting from political/economic
reasons rather than real demand from
producers
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Increasing demand
for fuel-efficient, ecofriendly vehicles
US automobile trade
deficit for 2007 $97.51
billion
Japanese automakers
manufacturing in US
factories
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Honda, Toyota, and
Mitsubishi all have US
factories
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European-style autos
becoming popular
Popular European
vehicles not legal in
US
Differences in US and
European safety
regulations inhibiting
trade
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Smart
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Introduced January
2008 by
DaimlerChrysler
Slightly longer than
European vehicle
33mpg city, 41mpg
highway
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Ford
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Fiesta
Taurus
Transit Connect
"The TIFA will be a platform to intensify our
trade and investment relations with the ASEAN
region, which collectively constitutes our fourth
largest trading partner and represents one of
the most rapidly growing and dynamic
economies in the world."
- Areas of mutual concern culminate in 3 Projects:
- ASEAN Single Window
- Plant health
- Standardization
-Effects are more pronounced
in developing economies.
-Data is limited, but scope of
products is broad and expanding.
Industry Sectors Subject to Infringement:
-Apparel
- Electrical Components
-Audio-visual
- Personal accessories
- Automotive
- Pharmaceuticals
- Consumer Electronics
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http://www.cottingham.com.tw/c/en/news/latest-news/188.html
http://www.assatashakur.org/forum/conscious-edutainment-videos-movies-tv/30335-life-debt-how-imfworld-bank-has-impoverished-jamaica-other-countries.html
“Trade Conflict and the US-European Union Economic Relationship”, CRS Report for Congress, Raymond j.
Ahearn
http://www.msnbc.msn.com/id/26444467/
http://www.msnbc.msn.com/id/25811141/
http://www.msnbc.msn.com/id/13593486/
http://trade.gov/mas/manufacturing/OAAI/auto_stat_index.asp
http://www.bls.gov/news.release/ximpim.htmhttp://library.thinkquest.org/06aug/00036/intltrade_barrier
s.html
http://www.itintl.com/
http://www.infoplease.com/cig/economics/barriers-international-trade.html
http://en.wikipedia.org/wiki/Main_Page
http://www.fas.usda.gov/itp/Policy/nafta/nafta.asp
http://www.aseansec.org/
http://europa.eu/index_en.htm
http://news.thomasnet.com/IMT/archives/2004/01/the_pros_and_co_1.html
http://www.youtube.com/watch?v=YVt36Q1xLNk