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The most recent searches by Rabobank say that commercial wine are at their lowest prices in over a decade. Many wine companies globally have had to tighten their supply. The tighter supply situation has eliminated much of the unsustainable competition that had been undercutting pricing. Markets that do not pay much for bulk wine will be outbid by markets that will pay higher prices. Europe will see decline in imports, and therefore also consumption of wine. I found this article interesting because there are quite a few non-price determinants shifting the supply curve and therefore changing the market price equilibrium. This article sums up many concepts that we have learned over the past 6 weeks.

The japanese government has started to consider removing tariffs from imported wine. This would mean other negotiatiors in the Trans-Pacific Partnership would also have to consider scrapping the tariffs on wine. The government believes that removing tariffs would greatly benefit the domestic consumers while also increasing sale exports from Japan. It will be interesting to see what Japan decides to do as it will have a great effect on the Japanese economy.

I think they shouldn't increase the tax on the medical device. because if the medical device have higher price. It would be bad for all people, patient might have to pay more money(even though normally is still expensive), they might buy the low quality medical device to save some money to buy another medical device they have to use as well. If the government want to increase the tax they should increase on wine, beer,cigarette, algohols, and kind of that better than the nessessary things like medical device.

This is an interesting article as it sheds some light on the hindrances on forming a trade union. There is a discrepancy between the wants of both party. The EU asks for lower tariffs on automobiles, wines and also higher FDI, yet India demands greater access for Indian professionals in markets of the member countries.