Exam 3: The Global Trade Environment

Some companies choose not to manufacture in Mexico since a lack of checkpoints means that cargo sits on trucks at bottleneck points such as Tijuana,a key hub for manufacturing.

The Gulf Cooperation Council (GCC)includes all of the following countries except:

Competing ideologies in South America help explain why intraregional trade is not yielding more benefits.

The World Trade Organization,which came into existence on January 1,1995,is the successor of another organization known as:

A preferential trade agreement is a mechanism that confirms special treatment on select trading partners,thereby at times discriminating against other trading partners.

________ is a key word(s)in conducting business in the Middle East.

There are several preferred trade arrangements in Latin America which include all of the following except:

There are barriers in Japan for global marketers in terms of attitudes as well as laws.Barriers include all of the following except:

Due to the drop of the price of oil resulting in lower revenues,Saudi Arabia plans to invest in robotics.

The form of economic cooperation that calls for countries to eliminate all internal barriers to trade among themselves even while maintaining independent trade policies with third countries is known as a(n):

Why does NAFTA create a free trade area as opposed to a customs union or a common market? Explain the difference by giving examples.

Which of the following statements related to Brexit is not accurate?

Chile became only an associate member of Mercosur and participates in the free trade area aspect of Mercosur.

In 2016,the United States filed a complaint with the WTO stating that Indian export duties on a range of extractive commodities gave its manufacturers access to key materials at market-distorting prices.

Blackberry (formerly known as Research in Motion),the smartphone marketer,is based in:

Why do some critics refer to GATT as the "General Agreement to Talk and Talk" and how does its successor,the WTO,provide a better forum for trade agreements?

Implementation of the Central American Free Trade Agreement with the United States created a free trade area known as DR-CAFTA that includes all SICA members except:

Other than tariffs,there are certain problems that restrict free trade between the European Union and the United States which includes all of the following except:

The original six members of the ASEAN (Association of Southeast Asian Nations)included all of the following countries except:

For more than 40 years,Bhutan,a kingdom of 754,000 people in the Himalaya mountains,has relied on the following measure: