Andrew DeCanniere Emilia Antezana Laura Armgardt Katie Lorge October 28, 2008 BA 381
-What is a Trade Barrier
Types:
-Import duties -Import quotas -Import licenses -Tariffs
-Export licenses -Subsidies
-Non-tariff barriers to trade -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
What is NAFTA?
Began on January 1, 1994
Between Canada the United
States and Mexico
What is ASEAN?
Established on August 8th,
1967
10 member countries
-Brunei Darussalam,
Cambodia, Indonesia, Laos, Malaysia, Myanmar,
Philippians, Singapore, Thailand, and Vietnam
What is the EU?
27 member states
The Economic and
Monetary Union (EMU): 15 member states, soon to be 16 on January 1, 2009 with the addition of
Slovakia
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Repealed in 1987, replaced with
Controversial monetary aid program Structural adjustment program
Removal of all internal subsidies Jamaican milk subsidies
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
Increasing demand
for fuel-efficient, eco-friendly vehicles US automobile trade deficit for 2007 $97.51 billion Japanese automakers manufacturing in US factories
Honda, Toyota, and
Mitsubishi all have US factories
European-style autos
becoming popular
Popular European
vehicles not legal in US
Differences in US and
European safety
regulations inhibiting trade
Smart
Introduced January
2008 by
DaimlerChrysler
Slightly longer than
European vehicle 33mpg city, 41mpg highway Ford 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
-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
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-imf-world-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
