This document provides an overview of the North American Free Trade Agreement (NAFTA). It discusses that NAFTA is a trade agreement between the United States, Canada, and Mexico that aims to eliminate tariff and non-tariff barriers to trade. It outlines some of the key benefits of NAFTA such as lower prices for consumers, increased trade and investment between the member countries, and job creation. However, it also notes some criticisms such as the loss of manufacturing jobs in certain industries in the US and negative impacts on small farmers in Mexico. The document also briefly discusses the structure of NAFTA and provides some trade data between the member countries.
The North American Free Trade Agreement (NAFTA) was implemented on January 1st, 1994 and is an agreement to remove both tariffs and investment barriers between the United States, Canada, and Mexico, as well as encourage further trade. NAFTA incorporates the previous 1989 agreement between the United States and Canada to remove tariffs on agricultural trade. Mexico and Canada had a separate agreement on agricultural products that eliminated most of the tariffs over a fifteen year period. The full provisions of the NAFTA agreement, including the elimination of all tariffs, were implemented fourteen years after the first signing of NAFTA on January 1st, 2008.
The Role and Impact of WTO - Why are countries becoming members of the World Trade Organization? What are its roles and impact on the lives of businessmen?
World Trade Organization - functions, principles and trade agreements
Case Studies include USA vs Mexico (Tuna), USA vs ASIA (Shrimp) and USA vs EU (Poultry)
This infographic details the key dates in the Association of Southeast Asian Nations (ASEAN) history leading up to the 2015 ASEAN Economic Community (AEC) integration.
The North American Free Trade Agreement (NAFTA) was implemented on January 1st, 1994 and is an agreement to remove both tariffs and investment barriers between the United States, Canada, and Mexico, as well as encourage further trade. NAFTA incorporates the previous 1989 agreement between the United States and Canada to remove tariffs on agricultural trade. Mexico and Canada had a separate agreement on agricultural products that eliminated most of the tariffs over a fifteen year period. The full provisions of the NAFTA agreement, including the elimination of all tariffs, were implemented fourteen years after the first signing of NAFTA on January 1st, 2008.
The Role and Impact of WTO - Why are countries becoming members of the World Trade Organization? What are its roles and impact on the lives of businessmen?
World Trade Organization - functions, principles and trade agreements
Case Studies include USA vs Mexico (Tuna), USA vs ASIA (Shrimp) and USA vs EU (Poultry)
This infographic details the key dates in the Association of Southeast Asian Nations (ASEAN) history leading up to the 2015 ASEAN Economic Community (AEC) integration.
India looks at regional trading arrangements (RTAs) as “building blocks” towards the overall objective of trade liberalization. Therefore, it is participating in a number of RTAs which include structures such as free trade agreements (FTAs), preferential trade agreements (PTAs), and comprehensive economic cooperation agreements (CECAs).
Free Trade Agreement
A free trade agreement among two countries or group of countries agrees to abolish tariffs, quotas and preferences on most of the goods (if not all) between them. Countries choose an FTA if their economical structures are complementary, not competitive.
Foreign Trade policies of developed countries Aayush Makkar
This report tells about the foreign trade policies of eight developed countries which are USA, UK, Australia, China, Taiwan, Germany, Singapore, and South Korea. These countries uses different policies to promote exports so that exporters (specially small and medium enterprises) of that country can get maximum benefit out of the policies, because of these policies maximum export happens in these counties. Policies of each country is very much different from policies of other country depending upon the need. All polices can be seen in the matrix.
Result of these research shows that foreign trade policies of eight different counties can be categories in 13 headings which are as follows:
1. Exhibition support
2. Capability building
3. Export assistance to foreign companies
4. E-export assistance
5. Marketing research by country type
6. Single website assistance
7. Overseas market assistance
8. Enhancing competitiveness
9. Financing
10. Export credit insurance
11. Tax benefits
12. Market research by industry type
13. Miscellaneous
This report tells about what policies India should adopt from these eight developed countries so that they benefit Indian exporters (especially small medium enterprises) to export. At present Indian foreign trade policies lack giving assistance to exporters and this is the reason India is lacking behind total overall export.
Detailed description where India is lacking is explained in the report with the reasons.
This a Presentation on AU, EU, APEC, NAFTA, AFTA, SAPTA, LAFTA, ASEAN. I have made this based on my assignment what is based on some trade organizations :-)
Economic integration refers to the process of combining economic policies and systems among different countries or regions. It involves the removal or reduction of barriers to trade, investment, and movement of goods, services, capital, and labor between participating economies. The primary objective of economic integration is to promote greater economic cooperation and collaboration, leading to increased efficiency, growth, and welfare for the participating countries.
There are various forms of economic integration, ranging from preferential trade agreements to deeper forms such as customs unions, common markets, and economic and monetary unions. Each form involves different levels of integration and entails specific commitments and obligations.
Economic integration offers several potential benefits. It allows participating countries to expand their markets, access a larger consumer base, and exploit economies of scale, leading to increased trade, productivity, and specialization. It fosters competition, encouraging businesses to become more efficient and innovative. Additionally, economic integration can attract foreign direct investment, boost employment opportunities, and facilitate the transfer of technology and knowledge across borders.
However, economic integration also presents challenges. It requires harmonizing and aligning policies, regulations, and standards across participating economies, which can be complex and time-consuming. It may result in winners and losers within economies, as certain industries may face increased competition or displacement. Economic integration can also create interdependencies among participating countries, making them vulnerable to economic shocks and crises that affect one or more members.
Overall, economic integration is a dynamic process that seeks to deepen economic ties and foster mutual benefits among participating countries. It is driven by the desire to enhance economic efficiency, competitiveness, and overall welfare, while acknowledging the need for careful planning, coordination, and safeguards to address potential challenges and ensure inclusive growth.
H.E. Mr. bui thanh son, Asia Business Week DublinAsia Matters
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Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
2. What is a TRADE BLOC?
2
A trade bloc is a type of
Intergovernmental agreement, often
part of a regional intergovernmental
organization, where barriers to trade
(tariff and others) are reduced or
eliminated among the participating
states
5. 1. SEVEN PIGEONS ?
2. BUDDHA EYE ?
3. THUMB ?
4. HAND ?
5. GOLDEN COLOR ?
What LOGO represents?
5
6. The South Asian Association for Regional
Cooperation is an economic and geopolitical
organization that was established to promote socio-
economic development, stability, and welfare
economics, and collective self-reliance within its
member nations.
Established: 8 Dec 1985.
Head Quarters : Kathmandu, Nepal.
Members: India, Pakistan, Bangladesh, Bhutan,
Nepal, Sri Lanka, Maldives and Afghanistan
About SAARC
6
8. • First Meeting1905
• Bangladesh Contribution1977-80
• Integrated Program Of
Action
1983
• Charter Dec 08 , 19851985
• Economic Union Dream2010
• Single Currency2015
History
8
9. Structure of SAARC
Technical Committee
Programming Committee
Standing Committee
Council of Ministers
The Council : Highest Policy-Making Body
9
12. Conventions
• Prevention Of Trafficking1
• Promotion On Welfare Of
Children2
• Mutual Assistance On Criminal
Matters3
• Narcotic Drugs4
12
13. Agreements
• Establishment Of Saarc Arbitration
Council.1
• Custom Matters.2
• Charter of SDF 31st JULY 2008.3
• Establishing SAARC Food Bank.4
• Avoidance Of Double Taxation.5
13
14. The Agreement on SAARC Preferential Trading Arrangement
(SAPTA) was signed on April 11, 1993, and entered into force
on December 7, 1995, with the desire of the Member States of
SAARC to promote and sustain mutual trade and economic .
Trade Policies
1. SAPTA
Objectives:
1. To reduce the trade barriers of the members contains of the SAPTA
agreement.
2. To reduce the discrimination of businesses among the regions.
3. To reduce the non trade barriers of the member countries of the
SAPTA agreement.
4. Gradual liberalization of trade among the SAARC members.
5. Elimination of trade barriers among the SAARC nations. Especially;
Tariff reduction.
6. Promoting and sustaining trade and economic cooperation among the
member nations of SAARC.
14
15. The South Asian Free Trade Area (SAFTA) is an
agreement reached on January 6, 2004, at the 12th
SAARC summit in Islamabad, Pakistan.
2. SAFTA
Objectives:
1. Elimination of Trade Barriers.
2. Promoting conditions of fair competition.
3. Creation of Effective Mechanism.
4. Framework for regional co-operation.
15
21. About EU
It is political and economic union of 28 member
states.
It operates through a system of supranational
independent institutions and intergovernmental
negotiated decisions by the member states.
The European Union is set up with the aim of
ending the frequent and bloody wars between
neighbors, which culminated in the Second World
War.
21
22. History
Year Event
1945 End of world war 2
1951 Treaty of Paris
1957 Treaty of Rome
1967 ESCS,EEC and EURATOM merge
1979 First Direct Elections of the EP
1992 The Treaty of Maastricht
2002 The Euro is Adopted by 12 Member Countries
2004 The Big Bang of EU Enlargement
2007 Treaty of Lisbon is Signed
22
26. Functioning of EU
Common agricultural policy
Common fisheries policy
European monetary union
Factor mobility-
i. ERM
ii. ECU
iii. European monetary cooperation fund.
Regional development policy
Common transport policy.
26
27. 27
Complying with all the EU’s standards and rules…
Having the consent of the EU institutions and EU
member states
Having the consent of their citizens –as expressed
through approval in their national parliament or by
referendum
Conditions for EU
Membership
28. Member criteria – who can join?
28
The treaty onthe european union states thet any european
country may apply for membership if it respects the
democratic values of the EU and is committed to
promoting them.
A functioning market economy and the capacity to cope
with competition and market forces in the EU
The ability to take on and implement effectively the
obligations of membership, including adherence to the
aims of politcal, economic and monetary union.
What is negotiated?
Financial arrangements .
Transitional arrangements.
29. EU Trade Policy
29
The EU manages trade and investments relations
with non-EU countries through the EU’s trade
and investment policy
Trade policy is an exclusive power of the EU
Trade policy is set down in Article 207 of the
treaty on the functioning of the European Union
30. Main Trade Policies
30
European neighbourhood policy
Trade defence policy
Anti dumping policy
Anti subsidy policy
Safe guard measures
32. EU in world trade
32
EU is the world biggest trader, accounting for
16.5% of the worlds import and export
Trade – a global system
Trading as a world leader
Building a fair and ope playing field
34. EU trade with INDIA
34
India was one of the first countries to develop relations with
the european union. In 2004 India and European union
became ‘strategic partners’
the EU is India’s largest trading partner with 12.5%of india’s
overall trade b/w 2015 & 2016,china(10.8%), US(9.3%).
India is EU’s 9th largest trading partner with 2.4%of the EU’s
overall trade.
Trading in services have also triped b/w 2005 and 2016,
reaching 28.9 billion euros
40. 40
“India, European Union may
announce end of free trade
agreement talks as key
differences remain unresolved”
NEWS : Jul 19, 2018
41. BREXIT
41
On 23 june 2016 referendum organised by former PM David
Cameron
51.9% of britons chose to leave EU
On 29 march 2017, Tim Barrow(permanent representative of
UK) presents letter announcing the launch of Article to Donald
Task(president of european council)
Now they have 2 Years i.e, till 29march 2019 to prepare for the
effective exit until then the country remains as a member of the
EU
Present PM theresa may is appointed in july 2016 (who is
former home secretary) is leading the discussions
42. Phases of BREXIT
Divided into two phases
Divorce agreements
Future relationships
Divorce agreements
Citizens rights
Settlement of UK financial commitments
Irish border
EU has made a clear statement that no discussions are held
regarding future Relationship before ‘sufficient Progress’ has
been made on the D.A
42
44. The Association of Southeast Asian Nations or
ASEAN was established on 8 August 1967 in
Bangkok by the five original Member Countries,
namely, Indonesia, Malaysia, Philippines,
Singapore, and Thailand.
Brunei Darussalam joined on 8 January
1984,
Vietnam on 28 July 1995,
Laos and Myanmar on 23 July 1997,
Cambodia on 30 April 1999.
About ASEAN
44
45. I. To accelerate the economic growth, social progress and
cultural development in the region through joint endeavours
in the spirit of equality and partnership in order to
strengthen the foundation for a prosperous and peaceful
community of Southeast Asian nations, and
II. To promote regional peace and stability through abiding
respect for justice and the rule of law in the relationship
among countries in the region and adherence to the
principles of the United Nations Charter.
In 1995, the ASEAN Heads of States and Government re-
affirmed that “Cooperative peace and shared prosperity
shall be the fundamental goals of ASEAN.”
Objectives
45
46. The fundamental principles
includes:
1. Political and Security co
operation.
2. Economic co operation
3. Functional co operation
4. Development co operation
These co operation formed
the Road Map for the
ASEAN Community.
Fundamental Principles
46
50. This year is the Golden Jubilee of ASEAN
This year is the Silver Jubilee of ASEAN – Indian
Relations(1992)
Both are natural partners that share Geographical,
Historical and Civilization ties.
1992 : India started relations with ASEAN
2010 : Signed Free trade Agreement
2012 : Upgraded relations to a strategic partnership
by focusing on defense and security ties
2015 : Service trade and Investment agreement
Trade 2016-17: 70 billion
India – ASEAN Relations
50
52. 1. ASEAN is the most powerful instrument to accomplish the
purpose of the Act East Policy (AEP).
2. Focusing on trade in services with ASEAN will give India an
opportunity to use its competitive strength to become the regions
services export hub.
3. The ASEAN occupies a central place in the “security
architecture” of the Asia-Pacific region and has the “unique
ability” to reflect the larger interests of the world.
4. ASEAN will provide India to connect itself with global value
chains.
5. The northeastern states are both the facilitators as well as the
beneficiaries of Indo-ASEAN relationship and the larger Asia
Pacific regions. A strong, stable and prosperous northeast is of
outmost important to India.
Why ASEAN is important for India?
52
53. 7. The Japanese financial services major has dubbed India
and ASEAN-5 (Indonesia, Malaysia, the Philippines,
Thailand and Vietnam) as “Asia’s tiger cubs”, and FDI
inflows to these nations will increase from around $100
billion per year now to around $240 billion by 2025
8. ASEAN will also play an
instrumental role in India as the
Regional Comprehensive
Economic Partnership (RCEP).
RCEP consists of: ASEAN FTA
partners, Australia, People’s
Republic of China, India, Japan,
Republic of Korea, and New
Zealand.
53
54. 1. India has announced a line of credit worth $1 billion to
promote projects that support physical and digital connectivity
with ASEAN, and a Project Development Fund with a corpus of
$77 million to develop manufacturing hubs in Cambodia, Laos,
Myanmar and Vietnam.
2. India contributes to three major cooperation funds with ASEAN,
namely the
1. ASEAN-India Fund,
2. ASEAN-India Science and Technology Development
Fund
Recent Initiatives
54
55. 3. Besides that discussions on an India-Myanmar-Thailand motor
vehicles agreement are underway. A task force for maritime
connectivity and ASEAN-India working groups on regional air
services and shipping arrangements have also been set up.
4. India had also put forward specific proposals regarding the
installation of a regional high-capacity fibre-optic network,
supplemented by national rural broadband networks and
digital villages in remote areas.
55
57. About NAFTA
An agreement : creating a trilateral trade bloc
in North America.
Member: United States, Canada, and Mexico
Establishment: January 1, 1994.
Aim: to foster trading activities among the
nations that are party to it.
How: eliminating most tariff and non-tariff
barriers to free trade and investment
57
59. Two Supplements of NAFTA
• North American Agreement on Environmental
Cooperation
• was a response to environmentalists' concerns that the
United States would lower its standards if the three
countries did not achieve consistent environmental
regulation
NAAEC
• North American Agreement on Labour Cooperation
• endeavors to create a foundation for cooperation among
the three countries for the resolution of labour problems,
as well as to promote greater cooperation among trade
unions and social organizations in order to fight for
improved labor conditions
NAALC
59
60. NAFTA Structure
Oversees NAFTA’s
performance and
evaluation
Dispute settlement
Composed of member
counties union trade
representatives
Serves as
administrator to FTC
Located in separated
national offices i.e.,
México city, Ottawa,
Washington DC
Located in Mexico
To administer labour
and environment
issues inside NAFTA
Day to day operations
60
64. Pros of NAFTA
Low tariffs →
reduced import
prices less → risk of
inflation → low
interest rate
Reduced U.S.
reliance on oil
imports from the
Middle East
and Venezuela and
imports from Canada
and Mexico.
Lowered the prices
of fresh vegetables,
chocolate, fruit
(except bananas),
1. Low prices of Products
64
65. 2. Good for GDP
65
(Organization for Economic Co-operation and Development is an
intergovernmental economic organization with 36 member countries, founded in
1961.)
66. Post-NAFTA, it is argued, the heads of state of the U.S.,
Canada and Mexico meet more frequently and put a higher
value on their diplomatic relations.
66
3. Enhanced Diplomatic Relations
4. Job Creation
In NAFTA's first four years, manufacturers created 800,000
jobs.
5. Created regional production blocs
NAFTA led to cooperation between countries, creating new,
regional industries, where different parts are made in the
different signatory countries. This in turn, some analysts say,
has helped North America compete with Asian manufacturing
powerhouses.
67. The U.S. auto sector lost roughly 350,000
jobs between 1994 and 2016. Many of those jobs were taken up
by workers in Mexico, where the auto sector added over
400,000 jobs in the same period
67
Cons of NAFTA
1. Loss of U.S. manufacturing jobs
68. It allowed U.S. government-
subsidized farm products into
Mexico. Local farmers could not
compete with the
subsidized prices. As a result,
1.3 million farmers were put out
of business, according to the
Economic Policy Institute.
68
2. NAFTA hurt the economic prospects of
Mexican small farmers and small business
owners
3. NAFTA suppressed wages for non-college-
educated workers in the U.S
Wages decreased in many other sectors that don’t require
workers to have a college degree. Competition from workers
in Mexico, who earn lower wages than U.S. workers on
average, exerted downward pressure on U.S. wages, too.
69. Small farmers in Mexico were unable to compete with larger
agribusinesses, cross the border illegally to find work. In
1995, there were 2.9 million Mexicans living in the United
States illegally. It increased to 4.5 million in 2000, probably
due to NAFTA.
69
4. Illegal Mexican Immigrants to US
70. Unemployed Mexican farmers work in substandard
conditions in the maquiladora program.
70
5. Substandard working condition
Established in 1965 by Mexican govt, that allows duty-free importation of raw
materials needed for the assembly or manufacture of finished goods for
subsequent export. The program originated from the need to industrialize
northern Mexico and slowdown migration to the U.S. by creating jobs along the
border.
71. Future of NAFTA
NAFTA created both winners and losers. If you think the trade
agreement resulted in a net loss for the U.S., you probably
oppose it and similar deals. If you think NAFTA produced a
net gain for the economy, you might support NAFTA, even
while criticizing certain pieces of the deal.
71