Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
9th Edition
ISBN: 9780136879879
Author: John Wild, Kenneth Wild
Publisher: PEARSON+
Question
Book Icon
Chapter 6, Problem 1TAI1
Summary Introduction

To select:

The countries and products under the ‘hostile’ list.

Introduction:

The hostile list is the list of countries which are restricted by other countries where the trade can happen only with certain restrictions and certifications.

Expert Solution & Answer
Check Mark

Answer to Problem 1TAI1

Solution:

The countries that are listed as the hostile countries where certain permissions are required for the exports and imports to such places are:

Iran, Iraq, the Democratic People’s Republic of Korea, Cote d’Ivoire, Somalia, Venezuela etc.

Explanation of Solution

Given information:

Many countries that come under the Hostile list that require the permission before the exporter proceeds are listed out.

There are few countries which can be listed in the ‘hostile’ list where a special permission or access is required for the exporters to progress further

  1. The goods, technologies, electronic equipment that may help Iran to improve their lifestyle or even the development of nuclear weapons and missiles either directly or indirectly is been prohibited because of the US trade sanction which can impose penalties if the trade happens.
  2. The same is prohibited to Iraq with the exception for the trade to happen with the no objection certificate from the defense division.
  3. The trade that contributes to the Democratic People’s Republic of Korea to export the nuclear weapon, missiles and any form of weapons that accounts to mass destruction isnot allowed.
  4. The export of diamonds to Cote d’Ivoire is not allowed.
  5. Importing of charcoal from Somalia is not allowed directly or indirectly
  6. Exporting to Venezuela of rough diamonds are restricted based on the Kimberly Process Certification which demands high requirements to ship rough diamonds from entering the lawful trade.

Few products that are restricted are:

  1. Pirated goods because they are not legitimate
  2. Aero models with remote controls as there is a possible interference with the network of security agencies
  3. Maps that show the geographical regions of India are restricted to protect the borders
  4. Indian coins and temple statutes as they are covered by the Antique and Art treasure act

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Please provide answer the accounting question
Please provide this question solution general accounting
Cash Flows From Investing Activities: ($ in millions) Net cash inflows (outflows) from investing activities $ 69 0.0
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Text book image
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Text book image
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
Text book image
Introduction to Business
Business
ISBN:9781947172548
Author:OpenStax
Publisher:OpenStax College
Text book image
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Text book image
Bcom
Business
ISBN:9780357026595
Author:LEHMAN, Carol M.
Publisher:Cengage Learning,