Global Business

GLOBAL TRADE OPERATIONS - A1

International Trade Policies and Practices – An Individual Analysis

Table of Contents
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Table of Contents

DETAILED INSTRUCTION

A/ Assessment Recap 

Students are required to analyze a regional economic integration zone (REI) and trade policies between a member country and Vietnam.

Suggested structure

1.     Introduction (1st requirement must be mentioned in the introduction - your chosen REI)

2.     Analysis of the REI (2nd requirement)

3.     Analysis of "your country" (3rd requirement)

4.     Conclusion

5.     Appendices

6.     References (RMIT Harvard style only)

 

B/ Keywords Explanation

 

1.     Regional economic integration (REI) - Formal trade agreement between countries in a geographic region to reduce barriers to trade and investment.

 

2.     Trade corridor - Major route used for trade between key economic centers.

 

3.     Trade hub - Strategic focal point for trade and logistics activity due to location.

 

4.     Commodity - Basic good used in commerce that is interchangeable with other commodities of the same type.

 

5.     PEST analysis - Framework to assess external Political, Economic, Social, and Technological factors affecting an organization/country.

 

6.     PESTEL analysis - Expanded PEST analysis also considering Environmental and Legal factors.

 

7.     Trade barrier - Any obstacle that impedes international trade, like tariffs, quotas, or sanctions.

 

8.     Trade policy - Rules, regulations, and agreements that affect trade between countries.

 

9.     Comparative advantage - When a country can produce a good at a lower opportunity cost than other countries.

 

10.   Absolute advantage - When a country is more productive at producing a good than another country.

 

 

 

D/ Detailed Outline

      I.          Introduction

 

Suggested structure (100-200 words)

 

●      State the Purpose

○      Begin with a clear statement of the report's objective

■      For example: "This report examines the impact of international trade policies on regional economic cooperation, with a focus on ASEAN countries."

●      Highlight Key Policy

○      Mention a specific policy or case study that will be central to your analysis.

■      For example:

Special emphasis will be placed on the ASEAN Trade in Goods Agreement (ATIGA) and its implementation in Singapore and Vietnam.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and its implications for trade in the Asia-Pacific region.

The North American Free Trade Agreement (NAFTA) and its successor, the United States-Mexico-Canada Agreement (USMCA), and their impact on North American trade.

The European Union's Single Market and Customs Union and their role in fostering economic integration among EU member states.

●      Outline the Report's Scope

○      Briefly describe the scope of your analysis.

■      For instance: "The report will explore how these policies influence trade dynamics and business expansion within the ASEAN market."

 

     II.          Analysis of the REI

 

1.     Background on Formation and Current State of REI

●      Establishment of REI

○      When REI agreements were established.

○      Reasons and motivations for creating REI agreements.

○      The historical context surrounding the formation of these agreements.

●      Member Countries

○      Identification of member countries involved in the REI.

○      How the membership has evolved over time.

○      The significance of the member countries within the REI.

 

Example: The North American Free Trade Agreement (NAFTA)

The North American Free Trade Agreement (NAFTA), established on January 1, 1994, and later replaced by the United States-Mexico-Canada Agreement (USMCA) on July 1, 2020, represents a prominent example of regional economic integration. NAFTA aimed to promote economic growth and cooperation among the United States, Mexico, and Canada by eliminating trade barriers and fostering cross-border investment. This initiative emerged in response to the changing global economic landscape, marked by the end of the Cold War and increasing globalization, with the goal of leveraging regional proximity to create a more integrated and competitive economic bloc in North America.

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