Business and Management<\/p>\n
You must answer all three questions.\u00a0 Provide evidence to support your positions in answer to the essay questions.<\/p>\n
Questions 1 (40 points)
\nYou are the Chief Executive Officer of International Trade Behemoth Corporation (ITBC), a company headquartered in the United States.\u00a0 ITBC is losing sales in the United States to imported widgets from Brazil, France, Germany, and Russia. In some cases, the imported widgets are priced below ITBC\u2019s prices, and you also believe that French and German producers have received financial assistance from the European Union for environmental compliance and worker training.
\nIn addition, ITBC is losing sales in Asia of specialty widgets that it produces using proprietary technology (i.e. technology for which ITBC holds a valid patent). ITBC believes that widget producers in India and China are manufacturing this specialty product, using the ITBC technology without a license, and selling this product to ITBC’s customers in Asia.
\nDiscuss which U.S. trade relief laws might be available to ITBC in this situation. Include in your discussions:
\n\u2022\u00a0\u00a0 \u00a0what ITBC would have to show to obtain trade relief;
\n\u2022\u00a0\u00a0 \u00a0the U.S. government agencies that would be involved in these trade relief proceedings and their roles;
\n\u2022\u00a0\u00a0 \u00a0a description of the nature of the relief that ITBC might obtain.
\n\u2022\u00a0\u00a0 \u00a0a discussion of constituencies which might be involved in these issues and the roles that they might play.
\nFinally, can the ITBC pursue any remedies with WTO for these trade circumstances? If so, what might they be? And how would ITBC proceed?
\n________________________________________
\nQuestions 2 (40 points)
\nAll trade policies have economic, social, and political benefits and costs associated with their implementation.\u00a0 Identify three ways in which trade policy can be pursued and discuss the economic, social, and political costs and benefits associated with each one (be as specific as possible).\u00a0 Some examples of trade policy pursuits include, but are not limited to:
\n\u2022\u00a0\u00a0 \u00a0negotiating a bilateral free trade agreement,
\n\u2022\u00a0\u00a0 \u00a0pursuing multilateral trade negotiations,
\n\u2022\u00a0\u00a0 \u00a0seeking import relief through trade remedy statutes;
\n\u2022\u00a0\u00a0 \u00a0implementing a trade embargo,
\n\u2022\u00a0\u00a0 \u00a0implementing quality and technical standards on products,
\n\u2022\u00a0\u00a0 \u00a0negotiating a preferential trade agreement,
\n\u2022\u00a0\u00a0 \u00a0enforcing health and safety standards
\nIn each scenario and where appropriate, analyse the impact of the trade policy from a WTO perspective.
\n________________________________________
\nQuestion 3 (20 points)
\nSelect five (5) terms from the following group and explain each term’s importance with respect to trade policy.\u00a0 Don\u2019t simply define the term, but make sure to provide information on the significance of these terms to international trade policy.
\na.\u00a0\u00a0 \u00a0Tariff bindings
\nb.\u00a0\u00a0 \u00a0trade adjustment assistance
\nc.\u00a0\u00a0 \u00a0trade diversion
\nd.\u00a0\u00a0 \u00a0single undertaking
\ne.\u00a0\u00a0 \u00a0rules of origin
\nf.\u00a0\u00a0 \u00a0“special and differential”<\/p>\n","protected":false},"excerpt":{"rendered":"
Business and Management You must answer all three questions.\u00a0 Provide evidence to support your positions in answer to the essay questions. Questions 1 (40 points) You are the Chief Executive Officer of International Trade Behemoth Corporation (ITBC), a company headquartered Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8901","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/8901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=8901"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/8901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=8901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=8901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=8901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}