The wold trading environment
3 important questions on The wold trading environment
What are the main type of trade associations?
- Free trade area (no internal tariffs)
- Custom unions (a bit of external tariffs, not to thirt world country)
- Common market (Custom unions but with free movement)
- Economic union
- Political
What is international monetary fund?
IMF
-> A fund who helps countries with a balance of payments conflict to help them continuing international trading.
-> A fund who helps countries with a balance of payments conflict to help them continuing international trading.
What are world trade organizations?
WTO
-> organizations to promote free international trading
-> trying to reduce tariffs
-> Prohibiting quota's
-> eliminating discrimination against foreign products.
-> organizations to promote free international trading
-> trying to reduce tariffs
-> Prohibiting quota's
-> eliminating discrimination against foreign products.
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