1 / 13

International Trade Factors

International Trade Factors. Treaties/Agreements Each Country Wants To Make Its Goods/Services More Competitive Rule Of Law/Property Rights Apply To Businesses Nation-States. What Is International Law?. Principles Widely Practiced And Acknowledged By Civilized Nations To Be Law.

read
Télécharger la présentation

International Trade Factors

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. International Trade Factors • Treaties/Agreements • Each Country Wants To Make Its Goods/Services More Competitive • Rule Of Law/Property Rights Apply To • Businesses • Nation-States

  2. What Is International Law? • Principles Widely Practiced And Acknowledged By Civilized Nations To Be Law. • Paquette Habana Case (1900) – International Law Is Part Of Our Law. (U.S. Supreme Court) • International Organizations

  3. Public International Law • Statute Of The International Court Of Justice (World Court) • Non-Binding Decisions • Applies To Disputes • International Conventions • International Custom • General Principles Of Law • Judicial Decisions/Teachings Of Qualified Publicists

  4. Private International Law • Laws Of Nations • Multilateral Agreements • Conflicting/Differing Laws Create Instability • International Commerce Is Complex • Determining Proper Forum (Court) Difficult

  5. United Nations • Post World War II • Goal – To Save Succeeding Generations From Scourge of War. • Authorizes Collective Measures For Prevention And Removal Of Threats To Peace, And Suppression Of Acts Of Aggression.

  6. World Trade Organization (WTO) • General Agreement On Tariffs And Trade (GATT) (1948) • 1994 Uruguay Round – Amended GATT & Created WTO • Principles • All Members Equal In Trade • No Favoring Of Domestic Over Imported Goods/Services • Eliminate Trade Barriers Montevideo, Uruguay Harbor Courtesy of C. Bowles

  7. European Union • Treaty Of Rome (1957) • Single European Act (1987) - Remove Barriers To European Trade • Maastricht Treaty (1992) - Create Federal Government • Commission Of Entire Union • Coordinate Policies Of Members • Nice Summit (2000)- Added (2007) 12 Members To Original 15

  8. Conventions On International Sale Of Goods • Effective 1988 • Applies To Contracts For Commercial Sale Of Goods • Supercedes U.S. Commercial Code Freedom In Contract Negotiation- Not In Writing

  9. North American Free Trade Agreement (1993) • Among US/Mexico/Canada • Free Trade • Dispute Settlement • U.S. Has Trade Deficit With Both

  10. Central American-Dominican Republic Free Trade Agreement (CAFTA-DR) • 2005 • Similar to NAFTA • Among Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, The Dominican Republic And The United States • Eliminate Product Trade Barriers

  11. Transacting International Business • Foreign Sales • Irrevocable Letter Of Credit - Buyers Issuing Bank • Bill Of Lading - Seller’s Confirming Bank • License/Franchise • Direct Foreign Investment • Foreign Subsidiary • Joint Venture

  12. International Trade Risks • Loss Of Investment • Expropriation - Confiscation • Nationalization - Power Of Eminent Domain • Export Controls • Bribes - Foreign Corrupt Practices Act (1977) • U.S. Antitrust Conflicts

  13. Resolving International Disputes • Suing Foreign Governments- Sovereign Immunity - Foreign Sovereign Immunities Act (1976) - Commercial Acts • Suing Foreign Firms- Hague Service Convention • Alien Tort Claims Act • International Arbitration

More Related