In This Report I Will Be Identifying The Different Types

In this report I will be identifying the different types of trade, discussing the role of the World Trade Organisation (WTO) in global trade and how specific trade agreements operate and their impact on international trade. 2 Types of trade Free trade is the minimal amount of tariffs, quotas and taxes to allow countries to trade â€Å"freely†. The opposite of free trade is known as protectionism; the practice of shielding a country s domestic industries from foreign competition by taxing imports. There are two types of trade, invisible and visible. Visible trade consists of physical tangible goods which include manufactured goods such as cars and machinery but it also includes agricultural goods like wheat and corn. On the other hand,†¦show more content†¦However Doha Round 2001 still remains to be ratified. It settles trade disputes between member countries. Finally, with 188 members it is argued that this organisation has played a key role in bringing unity and the tighter integration of the world economy. It was known as General Agreement on Tariffs and Trade (GATT) up until 1995. The WTO has four main roles. Firstly, it acts as an orchestra conductor to ensure that all rules are respected. The Doha Round includes agriculture, environment, development etc. so it is no surprise that an agreement between the 188 countries has not been resolved as it is a lengthy process, a consensus among members through a round of negotiations must be agreed. Secondly, a role of trade tribunal. The WTO settles disputes between countries. If countries in dispute cannot settle differences by themselves a definitive ruling will be issued in which the losing party must comply. If it does not comply it is liable to sanctions, over 400 complaints have been filed by WTO members since 1995. Furthermore, it acts as a monitor as it is constantly reviewing trade policies of its members, assessing whether members are abiding by WTO rules. Finally, a training role. Government officials from developing countries are offered training programmes, an average of 35 million Swiss francs is spent annually with Africa as the main beneficiary followed by Asia and Latin America. 4 Trade Agreements Trade agreements are the product of negotiationsShow MoreRelatedThe Marketing Research Planning Process1092 Words   |  5 PagesIntroduction In this paper we will discuss the process used in marketing research planning. There are eight steps to take in this process, identifying the problem, creation of the research design, choosing the method of research, selection of the sampling procedure, collection of data, analysis of the data, writing and presenting the report, and follow up. These steps will insure that the data collected answered the right problem and is useful to the client. Step 1: Identifying the Problem Read MoreProject Management And Terms Of Its Processes1047 Words   |  5 Pages1. Explain project communications management in terms of its processes. †¢ Identifying stakeholders - Here the people involved with the project are identified and determining the best way to manage relationships occurs during this process. †¢ Planning communications - In this process you identify the information and communications needs of the stakeholders. You determine who needs the information and when will they will need it. Then you will determine how will the information be given to them. Read MoreIdentifying Potential Risk, Response, Recovery1589 Words   |  7 Pagesï » ¿ Identifying Potential Risk 1 Assignment 1: Identifying Potential Risk, Response, and Recovery CIS333 Identifying Potential Risk 2 In this paper I have just been hired as an Information Security Engineer for a video game development company. I have previously identified all of the potential Threats, Vulnerabilities and Malicious Attacks for the videogame development company. The CIO have reviewed my report and has now requested that I draft aRead MoreThe Development Of The Middle Phase Of Group Work1749 Words   |  7 Pages implement the appropriate group approaches, complete record-keeping, and access and use supervision. The leader will assist the members in making progress by reinforcing connections, offering problematic ideas and activities, assess progress, identifying difficulties and obstacles, attending to special needs of an individual, engaging members in problem solving, summarizing group sessions, planning for the next steps, and re-contracting with members as needed. The leader can attend to group dynamicsRead MoreRecruitment Plan1486 Words   |  6 Pagespurpose of this report is to establish gu idelines for the recruitment and selection of a Restaurant hostess for the Waterfront Hotel, New Plymouth. This report is comprised of identifying job positions, job analysis, job description and selection process, so as to follow a systematic procedure during the recruitment process of the Restaurant Manager. Objectives The objective of this report is to develop a systematic recruitment plan for the Restaurant Manager. Contents The contents of this reportRead MoreChallenges Faced By Students Studying At University951 Words   |  4 PagesIntroduction This essay will mainly discuss and analyse the challenges faced by students studying at university for the first time based on Unit 2 in the course book, Academic Culture written by Clare Nukui. The transition between secondary and higher education can be a time of upheaval (Nukui, 2007). Unit 2 supports different types of problems that are associated with the transition from secondary to tertiary education. To be able to familiarize with academic culture, it is necessary to learn aboutRead MoreCompetency Demonstration Report On Electrical Engineering Student1528 Words   |  7 Pages Competency Demonstration Report First Career Episode â€Æ' First Career Episode CE 1.1 Introduction Project Name: Maintenance and Operations of 220/132KV Grid Substation Chronology: 2008 to 2012 Geographical Location: Karachi, Pakistan Organization: Hamdard University Karachi, Islamabad Campus, Pakistan Title of Position: Electrical Engineering Student CE 1.2 Project Background CE 1.2.1 Background of the Study Grid substation is particularly identified as the station for generation of powerRead MoreNaval Technical Bureau ( Cpeng ) And A Qualified Project Manager974 Words   |  4 PagesI am a highly professional, motivated, and experienced Chartered Mechanical/Systems Engineer (CPEng) and a qualified Project Manager (PM) from UNSW Canberra (ADFA) working with Naval Technical Bureau (NTB) from 2008 to current for Australian Department of Defence (DoD). My employer’s primary role is to support technical integrity of ADO Maritime material in platform systems engineering through the evolution of Maritime Material Seaworthiness Requirement Set (MSRS)(DEF AUST (5000). The documentRead MoreLee Brown ILM Level 3 Developing Yourself and Others Assignment1592 Words   |  7 Pagesï » ¿Developing Yourself and Others Background. I currently work for Tactical Solutions representing a growing Milk brand in the UK, A2 Milk. A2 Milk offers an easy to digest milk alternative that is the only natural milk type in the category. Our challenge is to educate staff and customers in store about our brand and why they should choose our milk over Soya, Goats and Lactofree options out there and the benefits we offer consumers such as being the only natural milk that IBS sufferers can digestRead MoreA Study Of Development, Structure, And Functioning Of Human Society851 Words   |  4 Pagesgroup tends to have a specific pater of thought, this come directly from sociology. In other words, sociology is the means by which we use to understand each other. So far, we have covered many different topics ranging from societal norms, to sub cultures, to inter-personal relationships. The point of this paper is to demonstrate our understanding of the major topics given in the first seminar. As such, I will be covering the following t opics in this synthesis essay. They are as follows: The process