trade agreements
Published on Dec 17, 2015
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
bilateral negotiation
agreements between two nations
general agreement of tariffs and trade (gaat)
the most successful multilateral negotiation... lead to
Photo by VinothChandar
wto (world trade organization)
four essential principles
trade must be conducted without discrimination
can't give special advantages to another member
once you admit a product, can't treat it different
than one of your domestic products (more tax)lum
Photo by JeepersMedia
protection through clear/quantified tarrifs
when considering domestic products
if you want to join wto
- list of all negotiated tariff lvls with member countries
- all non-tariff trade restrictions
wto dispute settlent body
gets an expert panel together to resolve issues (non-compliance)
how effective is it though?
us imposes 29% tariff
on canadian softwood lumber imports
regional trade agreements
not necessarily on a global scale, but working on deals close by
nafta (north american free trade agreement)
free trade-no tariffs (canada, us, mexico)
free trade among members
common restrictions for the rest of the world
Photo by Presidio of Monterey: DLIFLC & USAG
common market
strongest form of regional integration
how nafta came to be
canadians used to charge 15% tariff for american cars
so they opened factories in canada... wasn't efficient, canadians ended up paying more!
Photo by Ruud Onos
free trade agreement
recession in 82', car parts weren't as hot, protectionism, benefits both parties, gradual
north american free trade
includes mexico now, canada didn't trade with them much before, but does now, better for the states
