EconM2015 September 2013

Amid sanctions against the Russian Federation, Belarus has doubled its quota for imported meats. Speculators say that these will be re-exported to Russia, however Belarusian authorities claim these are only for domestic consumers. This either is an example of Russian attempts to avoid sanctions, or a phenomenal increase in demand for meat in Belarus.

The U.S has placed tarriffs on sugar imports. The driving force behind this is that they want to "raise U.S. sugar market prices to a point where normally uncompetitive sugar farms will be able to compete with foreign producers." However, there is also a downside to these tarriffs as the high sugar prices due to tariffs cost the American economy $1.9 billion of deadweight loss a year.

In this article, the trade minister of India, Anand Sharma, believes that the United States is placing very high protectionism upon their trade due to intellectual property rights.

J oseph M. Matalon, chair-man of the Private Sector Working Group on Tax Reform (PSWG), is calling for the imposition of tariffs on primary goods and lower taxations on Jamaicans, saying that the change would serve to fuel economic growth.

The proposed increase in tariff on wind energy in Tamil Nadu is too high for the industry standard.

This article talks about how China plans to cut the quota of cotton imports so that the demand of cotton can increase domestically. The reason for this is to boost the demand for domestic fiber.

This article outlines the reduction of a measure of protectionism (quotas) on a commodity, in order to benefit from higher productive efficiency of the international markets. The greater access to the commodity cotton is meant to enable domestic producers of textiles to significantly increase production, a key industry in China.

In this article, the European Union is adding tariffs upon steel pipes imported from China. The EU believes that these tariffs will protect their market from under priced steel pipes. Chinese officials prepared a case to the WTO about the situation.

This article discusses the United States and Japan's recent negotiations for better free-trade, though the article states that it has been very underwhelming. Japan has refused to cut much in the way of tariffs. In response, the United States has refused to cut tariffs on imported car parts.

Food, animal and plant products: how safe is safe? back to top Problem: How do you ensure that your countrys consumers are being supplied with food that is safe to eat safe by the standards you consider appropriate?

This article talks about how the US has imposed tariffs on importers of Chinese solar panels. The Chinese panels were being sold in the World market at a very low price due to subsidies that the Chinese government had been giving to solar panel manufacturers which resulted in the low selling price. Due to this, demand was high in the US for these panels as opposed to domestically made panels, therefore the aim of the tariffs was to increase the price of the panels so that people in the US would buy locally made panels boosting the local solar industry as opposed to the Chinese one.

This article is about a new set of trade agreements that could go into effect between the European Union and Canada. Notably, they plan to get rid of almost all tariffs and open all markets for service. It faces opposition from Germany. A study estimates a combined gain of 20 billion euros coming from these new agreements.

This article talks about the trade deals between China and India.

This is an article on how Bangladesh looks to increase the number of factories, as a means of keeping up with exports, which will then help may back debts. International trade is key for Bangladesh, since they are not able to produce everything they need, so it is important that they are able to pay back sellers, so that the sellers continue selling for a cheap price.

This article talks about why India needs supply side economics to develop the economy and reduce inflation and unemployment

This article talk about Japan's economy. Japan is trying to achieve price stability and overcome deflation. It is believed that supply side policies may enhance the production capacity of Japan's economy.

Narendra Modi's one promise that engineered his victory in the recent elections was dealing with the problems of inflation in India. The article discusses how he wishes to do so with the help of supply-side and monetary policies.

This article is about India's need for supply side policies, to ensure future economic growth, and prevent the growing industry to grow to be a problem for the future economy.

While Republicans have long lamented the problems inherent with increasing taxes to fund obamacare, they traditionally have been without any evidence. This article argues that obamacare will definitely negatively affect the labor market, due to the taxes people will face and the benefits others will receive.

To combat the negative effects of the 2008 recession, many banks employed quantative easing - selling securities and printing money in order to liquify commercial banks. Now that said easing is coming to a halt, proper economic growth is finally possible.

This an interesting article about the economic happenings from the Great Recession to the present day. It explains how the US economy progressed through and after the recession through the use of fiscal and monetary policies. However, these "policies" did not seem to efficiently help in the recovery of economic growth. Issuing higher taxes (for the so-called sake of increasing government revenue) on both the demand side and the supply side caused further damage to economic recovery and unemployment.