International Trade involves the exportation as well as the importation of services and goods across countries
Week 5 Discussion
Scenario I
International Trade involves the exportation as well as the importation of services and goods across countries.
The United States Trade Law that should be taken into consideration in the process of identifying the country is “Investigation of Foreign Trade condition by FTC.” The role of this law is to government regulations and Tariffs concerning trade with various countries (Bagley, 2015). Seeking redemption on the Tariff does not require other ways because:
- South Korea and Canada are part of the “Free Trade areas” for the United States trade processes. The country has set Bilateral agreement with the countries that allow the free trade policy to cause a reduction in the tariff compared to other nations.
- Germany is not part of this “Free trade agreement zone,” which demands an increase in the cost of shipping within its geographical locations.
The best options, in this case, is to go with Canada because it is closely bordering the United States, making its shipping cost of the items to be less compared to other countries.
Purchase of Coach Screws
It is possible to buy Coach Screws from Canada instead of going all the way to South Korea because:
- Low shipping cost from Canada compared to Korea
- Enhancing strong trade with countries that border the United States closely assists in the improvement of a friendly environment and neighborhood.
- Canada exhibits high Coach Screws products production making it meet customer demands easily.
- Korea depends on Netherlands’ imports to ensure that it can export Coach Screws products as it is not self-sufficient.
Scenario IV
Issues on electronic wastes are vital to the environment, and they have many effects on countries such as Mongolia, Vietnam, and China (Bagley, 2015). The countries mentioned above serve as the most significant importers of e-wastes, and they are usually the homes to the greatest dumpsites in the world. There is an increased need for electronics as well as exponential growth in the whole world, which has resulted in the rise of the quantity of e-waste being disposed of. Vietnam, Mongolia, as well as China, are the ultimate destinations for the e-waste. The processing of e-waste is done through crude and informal activities, which affect the health and causing risks in the damaging of the environment (Bagley, 2015). Cheap labor, as well as lax environmental laws, serve as potential factors that attract e-waste from countries that are developed.
Although governments for these countries are being responsible and taking accurate measures to regulate the shipping of e-waste, there are inefficient implementations that hinder the mitigation of the consequences caused by e-waste. A good example is a law enacted by the government of China that prohibited the importation of e-waste into the country in the year 2002. Nevertheless, individuals still smuggle e-waste into the country using the second-hand sellers who are responsible for selling the reusable devices at the cost of intelligent machines. As well, the illegal system donations are always accountable for selling the used appliances to the peddlers that resale e-wastes to dealers or send them to the rural regions (Bagley, 2015).
The recycling of e-waste in these countries steals place within the informal sector that incorporates manual recycling methods. Ethical concern within the informal industry demands that dealers, as well as peddlers, do not have technology, equipment, and knowledge to incorporate through for safe disposal of the wastes. This makes the Basel Convention International Agreement to propose that nation that export e-wastes to do that in a way that does not harm the environment and should adhere to the set regulations over the same even to the countries that prohibits the activity (Bagley, 2015).
References
Bagley, C.E. (2015). Managers and the Legal Environment: Strategies for the 21st Century (8th ed.). Mason, OH: South-Western Cengage Learning. ISBN: 9781285860374