Home Home
Home | Overview | B-Schools | Jobs | Alerts | Advertise | Contact Us | About Us | Forum | Link to us
Friday, March 29, 2024 Choose Language: English | German | Portugese
MBA Resources
MBA Articles
MBA Books
MBA Case Studies
MBA B Schools
MBA Current Affairs
MBA Downloads
MBA Events
MBA Notifications
MBA FAQs
MBA Jobs
MBA Job Consultants
MBA News
MBA Results
MBA Courses
MBA Sample Papers
MBA Interview
Questions
MBA Training
Institutes
CAT - 2009
Online CAT 09
About Online CAT
How to Prepare for
CAT
CAT 2024 Faqs
GD Tips
Pursuing MBA
MBA aspirants
What is an MBA
Why an MBA
Returning to B-school
Value of MBA
Good MBA Candidate
MBA Overview
Overview
Scope of MBA
MBA Programs
Career in Vogue
B-School Ratings
Top Universities
Top 30 Ranking
Admission Process
B-School Profiles
Management Colleges
in Bangalore
Distance & Online
MBA Preparation
Aptitude Tests
Tips for CAT
GD Made Easy
MBA Entrance Exams
CAT's Eye
About CAT
CAT Class Room
CAT Course Materials
CAT Bulletin 2024
CAT Eligibility
IIM Cat Centers
CAT Institutes
How to Apply
Important Dates
CAT Instructions
CAT FAQs
Sample Papers
CAT GD/PI
CAT Resources
CAT Results
MBA Careers
Business News
Case Studies
Interview Tips
Build Resume
Seminar Topics
Business Schools
B-Schools Profiles
B-Schools Rankings
B-Schools Selection
B-Schools Hot News
B-Schools Events
B-Schools Diary
B-Schools Seminars
Placements 2008
Placements 2007
Placements 2006
Top Business Schools
Top Business Schools
(Part Time) in Asia
Top Business Schools
in India
Top Business Schools
Worldwide
Education Loans
Career Resource
Admission Process
Admission Alerts
MBA Admissions
Application Dates
Full Time
Fellow Programmes
Executive MBA
Distance Courses
GMAT Preparation
What's GMAT
Eligibility Fees
Importance
GMAT CAT
GMAT & MBA
GMAT FAQs
MAT Preparation
What's MAT
Exam Notification
Online MAT 09
MAT Institutes
MAT Test Centres
AIMA Study Centres
Bank of Baroda
Branches
JMET Preparation
JMET 2009 Important
Dates
JMET 2009 Eligibility
JMET Application
Process
JMET 2009
Participating Institutes
JMET Test Pattern
JMET Paper Structure
MBA Jobs
Senior Management
Positions
Marketing/ Sales/
Advertising
General Management
Analysis Zone
Analysis of MBA
Entrance Exams
Exam Notification
Mock Exams
Mock Exam [2024]
Verbal Preparation
Math (Quantitative)
Analytical
General Awareness
Free Downloads
CAT Papers
XAT
FMS
MAT
IIFT
CET
SNAP
JMET
GMAT Verbal
GMAT Math
Miscellaneous
Distance Courses
Success Stories
Advertise With Us
MBA FAQs
MBA Forum



Home » MBA Articles » MBA - Foreign Trade Articles » Are We On the Brink of an International Trade War?

Are We On the Brink of an International Trade War?

Expert Suggestions on Preparation for Computer Based CAT-09

HTML clipboard

If you are an exporter you should conduct your transactions with extreme caution as some foreign governments, as well as some foreign purchasers, may give you an exceptionally difficult time over what they perceive as protectionist measures being enacted by the U.S. government. Particularly in Canada, a great deal of animosity has arisen from the "Buy American" provisions in the economic stimulus package that was enacted earlier this year by the Obama Administration.
 
Various people from all over Canada have voiced their concern and, in some instances, voiced their total disagreement with the "Buy American" provisions. They believe that these provisions could spark an international trade war and are in violation of our obligations to the various trade agreements that are in effect today. Others have insisted that these provisions will have a negative effect on the global economy has a whole.
 
Earlier this month, the Canadian Broadcasting Corporation (CBC) reported that various city mayors from all across Canada narrowly passed a resolution that could potentially block any American company from bidding on city contacts. This resolution could ultimately mean reduced export sales for U.S. companies. With the narrow passage of this resolution, the federal government of Canada would have approximately four months to lobby the Obama Administration for changes to the "Buy American" provisions before the resolution would take effect.
 
Although many are considering the "Buy American" provisions simply a protectionist mechanism by the U.S. government, there are actually some caveats to these provisions that many critics may have overlooked:
  • Only American made iron, steel and other manufactured goods may be utilized in the construction of public buildings and/or public works that are funded under the stimulus package.
     
  • The "Buy American" provisions do not infringe upon or violate our commitments made under various trade agreements since the Trade Agreement Act provides the President with the authority to waive these provisions along with other discriminatory provisions for eligible products.

     
  • The "Buy American" provisions do not apply in the event that domestic merchandise isn't available in sufficient quantities.

     
  • The "Buy American" provisions also do not apply in the event that domestic merchandise would increase the overall cost of a project by more than 25 %.
Full details pertaining to the "Buy American" provisions are available by referencing Part 25 of the Federal Acquisition Regulations.
 
Since many view these provisions as purely protectionist measures, anyone who is involved in the exportation of goods from the United States should be prepared for potential difficulties and should do their best to explain what these provisions are truly designed to accomplish: To protect the American economy and promote, not damage, the global economy.
 
Damaging the global economy further would practically halt any and all legitimate international trade, which would put the United States at a unique disadvantage. Why would we as a nation do such a thing?



More MBA - Foreign Trade Articles
1 2 Next



Discussion Center

Discuss

Query

Feedback/ Suggestion

Yahoo Groups

Sirfdosti Groups

Contact Us

A D V E R T I S E M E N T

 

 


Members Login Here!
EmailId:   
Password:


  Forgot Password?
  New User? Register!

Start Your Own Website

India's Best Web Hosting Company
Interview Q & A eBook

Get 9,000+ Interview Questions & Answers in an eBook. Interview Question & Answer Guide
  • 9,000+ Interview Questions
  • All Questions Answered
  • 5 FREE Bonuses
  • Free Upgrades

Useful Resources

Indian Institute of Management - Ahmedabad
IIM - AHMEDABAD

Indian Institute of Management -  Bangalore
IIM - BANGALORE

Indian Institute of Management - Calcutta
IIM - CALCUTTA

Indian Institute of Management - Indore
IIM - INDORE

Indian Institute of Management - Kozhikode
IIM - KOZHIKODE

Indian Institute of Management - Lucknow
IIM - LUCKNOW

Master of Business Administration MBA course Exam Institution Admission Details Related Pages


CAT | IIM | JET JMET | MBA | MBA Entrance | MBA Distance | MBA Entrance Exam | MBA Programs | Top MBA Universities in India | B-Schools Profiles | Management Colleges in Bangalore | Aptitude Tests | CAT Tips | CAT Bulletin 2008 | Common Admission Test | CAT Papers | XAT Papers | FMS Papers | MAT Papers | IIFT Papers | CET Papers | SNAP Papers | JMET Papers | GMAT Verbal Papers | GMAT Math Papers |

Copyright � 2024. onestopmba.com. All rights reserved Privacy Policy | About Us | Terms and Conditions
Our Portals : Academic Tutorials | Best eBooksworld | Beyond Stats | City Details | Interview Questions | Discussions World | Excellent Mobiles | Free Bangalore | Give Me The Code | Gog Logo | Indian Free Ads | Jobs Assist | New Interview Questions | One Stop FAQs | One Stop GATE | One Stop GATE | One Stop GRE | One Stop IAS | One Stop MBA | One Stop SAP | One Stop Testing | Webhosting in India | Dedicated Server in India | Free Website Templates | Sirf Dosti | Source Codes World | Tasty Food | Tech Archive | Testing Interview Questions | Tests World | The Galz | Lalu Yadav Jokes | Vyom | Vyom eBooks | Vyom International | Vyom Links | Vyoms | Vyom World | Shayari
home page