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Asia Pacific Region World Trade Organisation
2,078 wordsTrade and investment Australia's export structures have changed considerably over the past 15 years. Although trade in commodities remains strong, new services and sophisticated manufacturing export markets have emerged. Merchandise exports were valued at $ 86 billion in 1998 - 99. During the same year, Australian exports of services totalled $ 26 billion. Exports recorded seven per cent average annual growth in the five years to 1998 - 99. They now account for 20 per cent of GDP, compared with ...
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World Trade Organisation Export Markets
1,998 words... er national efforts to address regional and global environmental problems. Australia advocates the adoption of imaginative, effective, and flexible initiatives to meet these problems, recognising that global action must be equitable and practicable. For these reasons, for example, the Australian Government advocates differential national greenhouse gas emission targets, rejecting flat-rate target approaches that would ignore the reality of differing national economic circumstances and which ...
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Electrical Machinery Capital Goods
1,753 words... imports actually declined somewhat in 1998 compared with 1997). The decline in imports is across the board, though manufacturing sectors such as transportation equipment and telecommunications equipment were particularly affected. Imports are classified into broad economic categories: consumer goods, raw materials and intermediate goods, and capital goods (Table 12). The data reveal that there was a much more severe contraction in imports of capital goods, raw materials and intermediate good...
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Economic Integration Wage Countries
2,883 wordsGlobalization Globalization has become one of the biggest issues in the economic world today. Many people believe globalization is a good thing, and there are also many people who think it is bad. Some of the comparative advantages of free trade are that the allocation of the worlds resources are more efficient, it will lead to lower prices for consumers, and it will also provide more choice for the consumers. Even though there are these noticeable advantages of free trade, there are still peopl...
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Cast Iron Competitive Advantage
2,718 wordsConcentration of Manufacturing: In comparison to the diversified nature of Le Creuset's approach to export markets, manufacturing in the company is very much concentrated. All Le Creuset's products are manufactured at the two production sites in France (Fresno-le-Grand and Co usances). What could be the reason or reasons behind such a concentration in manufacturing? One reason could be the nature of the production process at the company. It is highly specialised. The products have to meet certai...
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Western Hemisphere Latin America
2,145 wordsShould the United States Pursue the Expansion of NAFTA? Statement of the Problem The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. It created the worlds largest free trade area: 380 million people producing nearly $ 8 trillion worth of goods and services. One of Nafta's primary objectives is to, contribute to the harmonious development and expansion of world trade and provide a catalyst to broader international cooperation (US Trade Rep. ). To ensure its role...
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