international trade

Assignment 1 – Individual assignment
• Thepurposeofthisassignmentistounderstandthe nature, characteristics, and patterns of international trade and the trade policies and practices to ease or remove trade barriers, in the context of a particular zone.
• You are required to select a economic trade zone (e.g. European Union, NAFTA, ASEAN) and demonstrate a comprehensive knowledge regarding the international trade policies and procedures.
You are required to demonstrate knowledge regarding the following topics:
• – Background – Brief trade history and trade statistics of the economic trade zone
• – Trade policies- Tariff/ subsidies/ quotas/ off-shoring or FDI
• Critical review the selected trade policy- barriers and challenges of the implementation
• Recommendations
• – final conclusion

Format:
• Executive Summary
• Tables of Content
• Introduction
• Background- Brief trade history and trade statistics of the economic trade zone
• Description of trade policies and procedure
– Critical review- barriers and challenges of the implementation – Recommendations
• Conclusion
• References (Harvard style only) 10 – 12 references
• Appendix: Tables/Charts/Pictures/Graphs/Maps

Some other examples of Economic Trade Zones
• North American Free Trade Agreement (NAFTA) – USA, Canada and Mexico
• Mercosur – Brazil, Argentina, Uruguay, Paraguay and Venezuela
• Association of Southeast Asian Nations Free Trade Area (ASEAN)
• Common Market of Eastern and Southern Africa (COMESA) includes Zambia, Rwanda, Swaziland, Ethiopia and Kenya
• Trans-Pacific Partnership (TPP) – an agreement negotiated between Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. (The USA under Trump has decided to leave TPP)
• European Union (EU)
• OPEC – Organization of Petroleum Exporting Countries
• APEC – Asia-Pacific Economic Cooperation – Australia; Brunei Darussalam; Canada; Chile; People’s Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States of America; Vietnam