2. On 1 January 2021, the African Continental Free Trade Area (AfCEIA) formally began trading. 54 out of all 55 countries in Africa have given their full backing to this new trade agreement. Explain four benefits that the African countries would derive from this trade agreement. 3. According to international business researchers, only 1976 of Arica's foreign trade is I with other countries on the African Continent. Explain four reasons why African countries are more likely to trade with Europe and America than they are with each other.
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- What are the various means available to companies to go international? When is an exporting strategy most appropriate?Explain how the net-export effect would reduce the effectiveness of fiical policy.§Identify and discuss 3 international entry mode Fitbit can choose from when entering the world’s leading emerging market economies. https://learn-ap-southeast-2-prod-fleet01-xythos.content.blackboardcdn.com/5bfdd02798410/1623856?X-Blackboard-Expiration=1621317600000&X-Blackboard-Signature=s3x7M7WvkGOKHYYkQB9PI2j0pbELlBtXWZbhGaN1of0%3D&X-Blackboard-Client-Id=328446&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27FITBIT%2520case%2520study%2520week%25208%25281%2529.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20210518T000000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAYDKQORRYZBCCQFY5%2F20210518%2Fap-southeast-2%2Fs3%2Faws4_request&X-Amz-Signature=79a0fed897e1d6f2a23a4394a2e76bf55d8af863d4dc7ea0a39808a8523d42cb
- What are the various arguments for i) Supporting international trade and reducing trade barriers and conversely, arguments for ii) restricting trade. Why is it difficult in establishing multi-national trade agreements among nations? What does the domestic price that prevails without international trade tell us about a nation’s comparative advantage? When does a country become an exporter of a good or service? An importer? What does the “Balance of Payments” measure tell us and what are the basic components of this metric?2.1 Explain the different kind of contractual entry strategies Huawei may follow. 2.1 Explain the difference between adaption and standardisation in international marketing.(1) Can a company successfully export to othercountries without having staff and facilities in thosecountries? Why or why not? (2) Why would acompany decide on foreign direct investment, eventhough it is more expensive and riskier than otheroptions?
- How does product life cycle (PLC) theory as proposed by Vernon (1966) explain international trade? Discuss its advantages (compared with classical theories) and limitations (in general) in explaining trade patterns.b) What is meant by the term “Free Trade" Discuss the advantages of free trade between countries.1. Select ONE country and explain how globalization impacts on the economy of that country 2. Provide detailed overview of existing trade agreements of the country with other country or other region 3. List down the products those have “import restriction” by that country 4. Identify ONE brand of that country that has presence in another country andexplain their strategies to go global
- Introduction to Trade Policies: Provide an introduction to the significance of trade policies and agreements in the context of international business. Your international business is an oil rig located in Saudi Arabia. Answer the following question with this in mind 1a. Identify and discuss three trade policies that may directly impact your international business venture. Consider tariffs, quotas, and regional trade agreements as examples. 1b Apply at least two major trade theories to your international business venture. Discuss how these theories explain or influence your choice of products, target markets, or trade strategies.10. Why countries choose to enter into Free Trade Agreements such as the U.S. Mexico Canada Agreement, or USMCA? What are the benefits of a membership in the Free Trade Agreements?Mention and describe the regional trade agreements of the European Union, USMCA, Mercosur, ASEAN-APEC-TPP). (Include the countries that these bring together and what each agreement consists of). Explain how knowledge of trade theories and policies helps to understand the environment and develop strategies to face global challenges.