“Commercial Awareness Is Global.”
The global economic governance system not only limits but at times directs policy choice/options of policy makers especially in the developing world. It will come as no surprise then that policy makers ands investors alike take a keen interest in this system.
Related Posts:What is Trade Facilitation?The role of the Jamaica Customs Agency in the regulation and monitoring of Special Economic ZonesTrade facilitation is investment facilitationSpecial economic zones and trade facilitation in JamaicaEU and Vietnam Open Formal Trade Talks
For Jamaica Trade Facilitation is a must. Trade facilitation is not just a buzz word but something that is real. Why? It has to be. For small island developing countries like Jamaica we have long had a ‘export or die’ mindset. However, in today’s globalized world, with its complex of supply and global value chains, its not simply about exporting
The activities within the SEZs are aimed at fully integrating the Jamaican economy into the global production and distribution systems that rely on global value and supply chains. This complex and dynamic system, at the heart of globalization, places Jamaica at a critical intersection of global trade, investment and services. In a globalized environment companies face several conflicting demands simultaneously, for example there is an equal drive to both centralize and decentralize production and distribution. Additionally, companies must balance global and local demands at the same time in the sense of being able to produce and distribute worldwide but at the same time adjusting product specifications through postponement to meet the local taste of consumers through customization.
The importance of the Appellate Body to the WTO and the whole global trading system cannot be over stated. It is the ability, and one could argue a key distinguishing feature, of the WTO as the successor to the General Agreement on Tariffs and Trade (GATT) to effectively resolve trade disputes between its members that underpin the global trading system.
By: Ainsley Brown It seems like there is more bad news for US exporters of Chicken to China – get ready for a whole new round of tariffs. China has over the years become the largest export market for US chicken with sales of over US$722 million in 2008. The Chinese market for US exporters is a win/win; representing a
By: Ainsley Brown The trade skirmish that has erupted between China and the European Union over shoe tariffs has been one that I have being following very closely here on Commercial Law international. And, yes you guessed it, each side continues to exchange salvoes; the latest being China moving from the consultative stage of the World Trade Organization’s (WTO) dispute
By: Ainsley Brown The European Union (EU) and Vietnam have now officially stated free trade talks after Karel De Gucht, the EU Trade Commissioner, met with the Vietnamese Prime Minister, Nguyen Tan Dung in Hanoi. The talks come after the successful conclusion of the 2 year in the making deal signed with South Korea in October of last year. This
By: Ainsley Brown Global trade was expected to drop as much as 10% in 2009; instead it fell by 12%. That extra two percent may not seem like much but it represents the largest drop in global commerce since 1945. This greater than expected drop has lead to renewed calls from Pascal Lamy, the Director General of the World Trade
By: Ainsley Brown In move that comes as no surprise, China has launched an official complaint with the World Trade Organization (WTO) over the European Union (EU) duties on imported Chinese shoes. And I saw this one coming a mile away; see my previous post on this issue. The duties were imposed in December of last year for a 15 month