International Agencies: World Trade Organization

<p>They are given certain advantages to compete more effectively in the global market. (C)</p> Signup and view all the answers

<p>It allows free movement of goods, services, capital, and people among member states. (C)</p> Signup and view all the answers

<p>Language barriers and cultural differences (D)</p> Signup and view all the answers

<p>A single market and production base (A)</p> Signup and view all the answers

<p>Free flow of goods and services (C)</p> Signup and view all the answers

<p>By creating uniform regulations across member states (B)</p> Signup and view all the answers

<p>It applies uniformly across all industries. (C)</p> Signup and view all the answers

<p>It facilitates cross-border trade. (A)</p> Signup and view all the answers

<p>Reduction of tariffs and non-tariff barriers (C)</p> Signup and view all the answers

<p>Streamlined movement of goods (B)</p> Signup and view all the answers

<p>Through infrastructure development (A)</p> Signup and view all the answers

<p>More favorable trade agreements (D)</p> Signup and view all the answers

<p>Tailoring marketing strategies is essential (B)</p> Signup and view all the answers

<p>Elimination of most tariffs (D)</p> Signup and view all the answers

<p>USMCA (D)</p> Signup and view all the answers

<p>It creates opportunities for businesses (B)</p> Signup and view all the answers

<p>By enhancing transportation and communication networks (A)</p> Signup and view all the answers

<p>It creates a favorable environment for international marketing (A)</p> Signup and view all the answers

<p>A combined market of over 490 million consumers. (C)</p> Signup and view all the answers

<p>It encouraged the development of integrated supply chains. (C)</p> Signup and view all the answers

<p>By harmonizing regulations among member countries. (C)</p> Signup and view all the answers

<p>It helps businesses address trade practice issues. (D)</p> Signup and view all the answers

<p>Revisions limiting the scope of ISDS. (D)</p> Signup and view all the answers

<p>The need to adjust strategies based on evolving policies. (B)</p> Signup and view all the answers

<p>Automotive Industry. (A)</p> Signup and view all the answers

<p>Establishing strict tariffs on all imports. (D)</p> Signup and view all the answers

<p>Enhance opportunities through market access and supply chain integration. (B)</p> Signup and view all the answers

The WTO's periodic review of member countries' trade policies and practices, encouraging transparency and open discussion.

WTO programs to help developing nations understand and implement WTO agreements.

WTO efforts to streamline customs and border procedures for smoother trade.

The EU's unified market allowing free movement of goods, services, capital, and people within member states.

The EU's common external tariff on goods from non-member countries.

Certain markets within the EU may already be filled with products from many businesses, making it harder for newcomers to achieve noticeable success.

Differences in language and culture across the EU can create issues in marketing products to different countries, potentially making promotions less effective.

A group of Southeast Asian nations aimed at creating a unified market and production hub, resulting in simpler cross-border trade.

ASEAN members work together to create easier trade policies and a more unified market, making international business simpler to operate within the area.

ASEAN promotes easier trade of products and services between members.

ASEAN works towards aligning standards and regulations, simplifying commerce and trade across countries.

ASEAN aims to lessen trade barriers by lowering tariffs and other restrictions between member nations.

ASEAN's efforts to lower costs and encourage transactions between countries, along with integrating customs procedures to streamline cross-border trade.

Improving infrastructure (transportation & communication) to support businesses involved in international marketing and trade within the region.

Utilizing digital platforms and e-commerce to expand business presence and reach across the ASEAN market.

ASEAN member countries negotiating as a bloc in international trade, increasing their collective strength in trade agreements.

The need for businesses to tailor their marketing strategies to various cultures, languages, and consumer behaviors across ASEAN countries.

A region where tariffs (taxes on goods) are reduced or eliminated between member countries.

The goal/effect of reducing or eliminating taxes on products traded among US, Canada, and Mexico.

Lowering costs involved in reaching international markets, encouraging more cross-border trading.

Streamlining customs processes to speed up and increase efficiency in moving goods across countries.

NAFTA (and now USMCA) significantly impacts international marketing by opening markets, improving supply chains, harmonizing regulations, resolving disputes, and protecting investments within North America.

Expanded opportunities for businesses by reducing trade barriers within North America's combined consumer market.

NAFTA fostered streamlined and efficient supply chains in North America, impacting businesses in auto, manufacturing, and agriculture.

NAFTA aimed to harmonize regulations to ease the burden on businesses complying with diverse standards in member countries, continuing in USMCA.

NAFTA (and now USMCA) set mechanisms to resolve trade disagreements between member countries, offering certainty.

NAFTA's ISDS (Investor-State Dispute Settlement) mechanism protected investors from biased host-country treatment. The USMCA modifies, but maintains, some protection.

Businesses need to adjust their strategies after modifications and reforms to trade agreements like the transition from NAFTA to USMCA.

The combined market of over 490 million consumers within Canada, Mexico and the U.S., offering significant growth opportunities.

The effort to create common or similar standards and regulations in North American countries.