Features in international trade

7/10 (1 vot)
Domeniu: Economie
Conține 1 fișier: pptx
Pagini : 10 în total
Mărime: 712.92KB (arhivat)
Publicat de: Bianca S.
Puncte necesare: 0

Extras din referat

Services play an important role in all modern economies.

A strong tertiary service sector may boost economic growth and enhance industrial performance. In an increasingly globalized world, services such as finance, insurance, transport, logistics and communications deliver key intermediate inputs and thereby provide crucial support to the rest of the economy.

The size of the international market for service is difficult to measure. However, it has been estimated that services, termed as invisibles, account for about one-quarter of the world trade.

International trade in services is subject, in general, to lot of restrictions. The General Agreement on Tariffs and Trade (GATT) which has been trying to liberalize the trade in goods does not cover the service. The industrialized nations, like the U.S.A. and the members of the EEC have been strongly arguing for the inclusion of trade in services in the GATT negotiations.

- Services represent 20% of total world trade and account for the 2/3 of GDP.

Intangible nature

Many services require physical proximity of provider and consumer

- services are perceived as less easily tradable than goods

Conventional trade statistics do not cover all international trade in services

Services delivered by foreign affiliates > conventional international trade in services

There are other important legal issues to consider:

The location of supplier and customer can vary, affecting which country's regulations apply.

Sorting out the payment issues such as choice of currency and protection against the risk of non-payment.

Taking action to protect the intellectual property in other countries.

The European Union Services

Directive removes many barriers

and open the internal market within

the EU to service businesses established

in a member state.

As of 2010, those in certain service

sectors will be able to access

new cross-border opportunities

and enjoy less restrictive access to EU markets.

There are four different ways in which services can be delivered internationally, depending on the locations of the supplier and the customer:

Cross-border trade-Both supplier and customer are in their own countries, while the service crosses the border.

Consumption overseas-The customer visits the supplier's country, where the supplier provides the service.

ex: international travel and tourism services.

Setting up overseas-The supplier establishes a presence in the customer's country.

ex: opening a branch office overseas.

Movement of individuals- Individuals who will provide the service travel to the customer's country.

The above methods of service delivery are defined in the World Trade Organization’s General Agreement on Trade in Services (GATS)

Conținut arhivă zip

  • Features in international trade.pptx

Te-ar putea interesa și

Vodafone în România

I. All about Vodafone It's a well known fact that no business can exist without customers. Marketing and human resource strategies, like any...

The Leasing Contract

1. The leasing contract International Trade analysts have highlighted the fact that the lease is an expression of modern techniques of contract in...

The Role of Science and Technology în The Development of World Economy

INTRODUCTION The relevance of the investigated theme. The evolution noted in the international economic relations, in the beginning of the XXI...

A Day of Terror - 11 September 2001

1. Introduction Mornings are for waking up happy, going on with your business, and enjoying life. After all, the weekend is over; it's the...

The Subject of Study of The Tourism Resource Management

„Human beings are innately curious concerning the world in which they live” [2,p 3]. They always wanted to learn the secret of their existence ,...

International economic cooperation and its role in the development of national economies

Introduction Economic theory says that any country trying to find the " magic formula " economic policy , which could simultaneously achieve...

Cooperarea economică în zona Pacificului

INTRODUCERE Motivatia si importanta alegerii acestei teme, referitoare la “Cooperarea economicã din Zona Asia-Pacific”, sunt acelea cã vrem sã...

Globalization versus Regionalism

Globalization vs. Regionalism There is a paradox in international trade policy today. Globalization is on everyone’s lips — and yet, regional...

Ai nevoie de altceva?