Us and ph = deficit

China= surplus

not really the nation but businesses trade…

September 17, 2021
E

POLITICAL ARGUMENTS –PROT

BAKIT MAY TRADE RESTRICTIONS IT CAN PROTECT JOBS

Ad valorem – percentage (

Specific – weight or size

Compound – combined
Control o imports and exports

Product that they are lacking – low tariff

Abundant supply – high tariff

INTERNATION RELATIONS (START TRADE WARS)

EX. ASEAN

QUOTAS – CERTAIN LIMIT ON VOLUME, DOLLARS,

Quota- one-sided only (pov of receiving country

OMA- both countries (“there’s a bilateral agreement”)

BOYCOTT
BOYCOTT CAN BE DONE BY EITHER CONSUMERS ALONE OR THE GOVERNMENT

EMBARGO – REFUSAL TO SELL TO A SPECIFIC COUNTRY

BLOCK CURRENCY – REFUSE THE ENTRANCE OF SOME CERTAIN CURRENCIES (

DIFFERENTIAL EXCHANGE RATES – INGENIOUS METHOD OF CONTROLLING IMPORTS

GOVERNMENT APPROVAL – BAKIT WALANG NAKIKITANG PRODUCT NA GAWA SA AFRICA (NOT

PARTNER, WE DO NOT ACCEPT THEIR CURRENCY AND VICE VERSA)
PREDATORY PRICING =INITIAL ACTION IS TO SET THE PRODUCT AT A VERY LOW PRICE THAT THE LCOAL
MARKET CANNOT LEVEL. IF THE COMPETITION VANISHED, THEY WILL HAVE THE CONTROL IN THE
MARKET

KILL THE LOCAL MARKETS, TO CONTROL THE PRICE (DICTATE) IN THE MARKET
Intellectual property rights is still a big issue in the global mrket

**ONLINE IS BEING MONITORED (WEBSITES)

EX. SHORTAGE OF FOOD IN SOUTH AFRICA (HUNGER IS THEIR BIGGEST PROBLEM DUE TO LACK OF
TRADING; PROTECTIONISM BECAUSE THEY DON’T WANT TO SELL PRODUCTS IN AFRICN REGIONS)
TRADE NAME BEING ABUSED

BRICS – brazil, russie, india, china, south africa

Cis =umalis sa USSR

COMESA

SAARC

MERCOSUR

IOR-ARC
TRADE BARRIERS (SUMMARIZE WHY IS BECAME A POLITICS, AND ECONOMIC CONDITION)