Group items tagged

This article is a fairly recent article that talks about international trading. Particularly, it talks about a free trade agreement that will soon be finalised between countries that could potentially represent 1/3 of global output. This free trade agreements seeks to reduce barriers in some countries allowing for easier trade and aims to increase the share of knowledge between the countries, trying to make the knowledge similar to a perfect competition scenario. However this agreement may lead to the alienation of power-house China, a heavily influential country that had not been invited to join the agreement. this could have potential backfires such as trade embargos, but for now we will have to wait and see.

The article talks about India it was firmly committed to the establishment of a free trade area in south Asia but emphasised that a review of several tariff and non-tariff barriers was necessary to augment formal trade in the region."We are firmly committed towards the establishment of a free trade area in south Asia. The region has a large potential common market and a large skilled low-wage workforce," Minister of State for External Affairs Digvijay Singh said here.There were several tariff and non-tariff barriers to trade in the region which should be reviewed to augment formal trade within the region.

This article is interesting as it neatly highlights the benefits of free trade.

I thought that this article was interesting as it showed how geopolitical conflicts can arise from simple wanting to trade freely. The Ukraine feels that it is in their will to be abel to trade with the EU however Russia would luck out on simple regional trading and in seeing this Russia has made it very difficult for Ukraine to trade with Russia.

A recent agreement between Canada and the European Union has created a free-trade condition between the two countries. The action is intended to have beneficial effects for both parties, including new jobs and additional demand for businesses in Canada. In addition, it is likely to reduce the country's dependency on the United States, with which it has traded freely since 1987. People hope that this agreement will eventually lead to a larger free-trade agreement between the United States and the European Union, but not much progress has yet been made.

This article is interesting because it is an example of trading blocs, but it also talks about how Taiwan is doing this in hopes of creating political stability.

This article talks about the steps being made towards free trade between Asia and Australia.

The current Prime Minister of Australia, Toby Abbott, is currently negotiating with China to potentially open up free trade between the countries. Australia hopes that an agreement will be reached as he plans to travel to the country in early 2014. The goal of opening free trade would be to not only strengthen the relationship between the two countries but also to allow greater economic growth to occur.

After a vote in Paraguay's congress, the country of Venezuela has been approved to join the South American trading bloc known as Mercosur. However, Paraguay itself was suspended last year due to the impeachment of a president, which was considered anti-democratic. Paraguay is expected to be reintegrated completely after the election of its new president, Horacio Cartes. These events show how closely related politics and economics can be in the realm of trading organizations.

South Korea's terms of trades have increased for the 9th straight month. It has increased 2.7% since last year. Imports have declined faster than exports, which is why the terms of trade have increased.

discusses free trade between south Australia and china

This article reveals that as the cost of remaining Czech inflation rate in a low range, the consumer demand is weak and unemployment rise up. This article proved the trade-off relationship between inflation and unemployment.

American president, Barak Obama enforces trade laws to maintain their countries products and services . This news seems like there's going to be big conflict in between two countries, United States and China.

After Paraguay's full membership of the Mercosur Trade Bloc was suspended a year and a half ago, it is being let back in. This is a result of the government going from a right-wing party to a left-wing party.

Maltese is selling passports to members of other countries to have access to the EUs custom union. This may lead to trade creation and we would expect people to buy the passport for such a reason. However this could also lead to trade diversion and so people will have to factor in this with their decision to either join this monetary union.

Silvia Liu, UBS economist, stated that "deteriorating terms of trade had been the norm for Taiwan since 2000" but that "the nation's terms of trade... have seen a welcome reversal since late 2012."

Statistics New Zealand is reporting that the Terms of Trade of the country are the highest that they have been in 40 years. The improvement is due largely to the prices of dairy exports, which have risen sharply in recent months. The TOT of merchandise have risen by 7.5 percent, driving the them to their highest since 1973. At the same time, the unemployment rate has been steadily decreasing and surveys show that consumer and business confidence is increasing.

This article is just talking about an event in late 2013 about obama who was hoping that the "trade-promotion authority" agreement would be passed by congress giving confidence to some of the producers.

This Bloomberg article talked about how China is trying to raise the currency and make Yuan become a global currency. It also mentioned China used to peg Yuan on US dollar until 2005, then they changed the policy to manage Yuan in a certain range.

The article is concerned with the increasing currency value of the Yuan. In the past couple years, the value of the Yuan has increased significantly. This increase in the currencies value is due to the China opening its markets and showing leniency in trading. However, the Yuan though growing in strength has much to do before it becomes the world currency. It must be adaptable. The Chinese government has stated that they will open the market more by 2020. When the currency will replace US is unknown but it seems that it will surpass the US dollar with time. The article was eyeopening. I had never realized the Yuan was so strong. I will definitely look at the Yuan when i read economic news.

According to the Bertelsmann Foundation, "a free trade agreement between the U.S. and the European Union... would mean more than 9,000 jobs and an estimated 138 percent increase in state exports to the EU." The negotiations have been stalled because of the government shutdown in the U.S.