It's a forum for governments to negotiate trade agreements. ... They are essentially contracts, binding governments to keep their trade policies within agreed limits. Although negotiated and signed by governments, the goal is to help producers of goods and services, exporters, and importers conduct their business, while allowing governments to meet social and environmental objectives. ... For Australians it would be A$300 annually per average family if Australian customs duties had not been reduced in the late 1980s and early 1990s. ... If Australia had kept its tariffs at 1998 levels,...

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• Approx Pages: 6
• Grade Level: High School

(Mahoney, Trigg, Griffin & Putsay, 1998 pp.656-657) The third category of issues is issues that deal with government-policies. ... Toyota and other Japanese automobile manufacturers have dealt with this in the past, having to locate facilities in the United States in order to overcome the voluntary export restraints imposed by the Japanese Government. ...

• Word Count: 2144
• Approx Pages: 9
• Grade Level: High School

If we import financial assets, the capital account becomes negative (-) For example if a Pakistani firm buys land in Nigeria to set up a factory or buys some stock in a Australian telecom company, or if a Pakistani bank finances the establishment of a plant in U.K all these transactions use up & exhaust the supply of foreign currencies. ...

• Word Count: 3188
• Approx Pages: 13
• Grade Level: High School

The world was in need of a stimulus, but governments were cutting their spending as much as possible. ... "At the core of differences on agricultural trade were the enormous government subsidies that some leading producers were paying farmers to keep them competitive internationally." ...

• Word Count: 2688
• Approx Pages: 11
• Grade Level: High School