The 25-year-old NAFTA agreement is set to be replaced with a new agreement, the USMCA. Which countries belong to NAFTA and, going forwa USMCA?
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The 25-year-old NAFTA agreement is set to be replaced with a new agreement, the USMCA. Which countries belong to NAFTA and, going forwa USMCA?
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- 18. Choose one example of a Foreign Market Entry Mode and explain how you understand that particular mode of entry into a foreign market works.Unilever Wall's Ice Cream in Vietnam In April 1996, whers first proposal to set up a partnership with the "Vietnam Milk Corporation" to construct a factory was refused by Vinamilk (the govemmental dairy producing corporation), Unilever received approval from the Ministry of Planning and Investment for a US$22 million to set up its own factory to produce and sell Wall's ice cream in Vietnam. Since economic improvements had begun to increase people's incomes in the early 1990s, ice cream sales in Vietnam's cities had been on the rise. The plant, scheduled to open in early 1997, was to be situated in Cu Chi district, 35 kms north west of Ho Chi Minh City, close to the popular tourist attraction of the Cu Chi tunnels and in an industrial zone attracting an increasing number of foreign investors seeking to avoid high land and labor costs in the city. The factory was to be equipped with the latest production technology and designed to have an initial capacity of some 12 million liters…Country-X is complaining that country-Z is 'dumping' certain steel commodities on its shore. The price of steel has plummeted by a hefty 30%. Unless immediate action/s are taken, the local manufacturer in the steel industry will go out of business. What are the avenues/ actions that country-X can take?
- Describe about NAFTA?The WTO regulates international trade by regulating a range of public activities that impact the ability of private actors (companies) to engage freely in the market. Explain shortly what kind of public activities the WTO agreements restrict.Your Chief Executive has indicated in a management retreat that Country Risk relating to international business derives from the Political Systems and Legal Systems of respective countries. As the international business development manager, your team has approached you to: 1. Explain what the Political and Legal System represent. 2. Describe any 3 inherent risk. 3.Describe three (3) strategies to mitigate such risks.