Examples of free trade in the following topics:
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- This agreement allows for the free exchange of trade, service, labor, and capital across the 10 independent member nations.
- Such agreements are designed to facilitate trade through the establishment of a free trade area, customs union or customs market.
- Free trade areas and customs unions eliminate trade barriers between member countries while maintaining trade barriers with non-member countries.
- A common market provides for harmonious fiscal and monetary policies while free trade areas and customs unions do not.
- There are, however, some governments that openly oppose free trade.
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- APEC is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.
- Asia-Pacific Economic Cooperation (APEC) is a forum of 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.
- During a meeting in 1994 in Bogor, Indonesia, APEC leaders adopted the Bogor Goals that aim for free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and by 2020 for developing economies.
- Economic and Technical Cooperation: APEC is considering the prospects and options for a Free Trade Area of the Asia-Pacific (FTAAP), which would include all APEC member economies.
- Since 2006, the APEC Business Advisory Council, promoting the theory that a free trade area has the best chance of converging the member nations and ensuring stable economic growth under free trade, has lobbied for the creation of a high-level task force to study and develop a plan for a free trade area.
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- The North American Free Trade Agreement (NAFTA) is an agreement between Mexico, the United States and Canada.
- The bill removed taxes on products traded between the three countries.
- In the area of intellectual property, the North American Free Trade Agreement Implementation Act made changes to the copyright law of the US, foreshadowing the Uruguay Round Agreements Act of 1994 by restoring copyright (within NAFTA) on certain motion pictures which had entered the public domain.
- The agreement opened the door for free trade, ending tariffs on various goods and services, and implementing equality between Canada, the US and Mexico.
- Discuss the goals of ways that the North American Free Trade Agreement (NAFTA) serves its members
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- Mercosur is an economic and political agreement among Argentina, Brazil, Paraguay, Uruguay, and Venezuela created in 1991 to promote free trade.
- The purpose of Mercosur is to promote free trade and the fluid movement of goods, people, and currency.
- Mercosur seeks the free transit of produced goods, services, and factors among the member states.
- Mercosur seeks to coordinate macroeconomic and sector policies of member states relating to foreign trade, agriculture, industry, taxes, monetary system, exchange and capital, services, customs, transport and communications, and any others they may agree on, in order to ensure free competition between member states.
- The common market will allow (in addition to customs unification) the free movement of manpower and capital across the member nations.
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- The North American Free Trade Agreement (NAFTA) also boosts export sales by enabling companies to sell goods at lower prices due to reduced tariffs.
- Regional trading blocs represent groups of nations that join together and formally agree to reduce trade barriers among themselves.
- Such agreements are designed to facilitate trade through the establishment of a free trade area customs union or customs market.
- This eliminates trade barriers between member countries while maintaining trade barriers with non-member countries.
- A common market provides for harmonious fiscal and monetary policies while free trade areas and customs unions do not.
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- Countries engage in international trade for two basic reasons, each of which contributes to the country's gain from trade.
- The World Trade Organization (WTO) was formed to supervise and liberalize international trade on January 1, 1995 under the Marrakech Agreement.
- If a government removes all trade barriers, a condition of free trade exists.
- As of June 2012, the future of the Doha Round remains uncertain: The conflict between free trade on industrial goods and services, but retention of protectionism on farm subsidies to the domestic agricultural sector (requested by developed countries) and the substantiation of the international liberalization of fair trade on agricultural products (requested by developing countries) remain the major obstacles.
- In 2001, it also joined the World Trade Organization.
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- The World Trade Organization (WTO) was officially formed on January 1, 1995 under the Marrakesh Agreement, with the goal of supervising and liberalizing international trade between participating countries.
- The conflict between free trade on industrial goods and services, but retention of protectionism on farm subsidies to the domestic agricultural sector (requested by developed countries) and the substantiation of the international liberalization of fair trade on agricultural products (requested by developing countries) remain the major obstacles.
- General Agreement on Trade in Services was established in 1995 to extend the multilateral trading system to service sector, in the same way as the General Agreement on Tariffs and Trade (GATT) provided such a system for merchandise trade.
- Agreement on Technical Barriers to Trade ensures that technical negotiations and standards, as well as testing and certification procedures, do not create unnecessary obstacles to trade.
- Review the purpose and status of the World Trade Organization (WTO)
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- There are two types of sales promotions; consumer and trade.
- A consumer sales promotion targets the customer while a trade sales promotion focuses on organizational customers that can stimulate immediate sales.
- They are used to lower prices, for discounts, free goods and value added giveaways.
- Wholesalers, retailers and other organizational groups are offered a wide array of sales promotion devices such as trade allowances or short term incentives to encourage retailer to stock up on a product, dealer loaders incentivizing product purchase and display, trade contests for selling the most product, point-of-purchase displays to create impulse buying and spiffs or bonus commissions on certain products and trade or functional discounts paid to distribution channel members for conducting sales and special events.
- For example "buy one, get one free, three for two, buy quantity and receive a lower price or percentage discounts on specific days of the week.
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- Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers.
- Trade promotions are marketing activities executed between manufacturers and retailers.
- Free samples are when a product is given to the consumer so that he or she may try a product before committing to a purchase.
- Kids eat free promotions offer a discount on the total dining bill by offering one free kid's meal with each regular meal purchased.
- Differentiate between trade and consumer promotions relative to a product's marketing mix
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- For new marketing initiatives, brands implement retail "mechanics" such as "Buy One, Get One Free" Or "Three for Two" promotions to encourage consumers to buy new market releases.
- Some of these trade promotion activities are:
- Trade allowances - Short-term incentives offered to retailers to stock up on a product.
- Trade contests - Contests used to reward retailers that sell the largest quantity or highest units of a brand's product.
- Trade discounts (also called functional discounts) - Payments to distribution channel members for performing certain functions.