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Questions tagged [trade]

Questions relating to international trade between nations; this includes policies effecting trade like tariffs and quotas and treaties or organizations regulating and promoting such trade

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What are the reasons for buying weapon systems from other countries?

I was wondering, when reading about Turkey being about to buy a S-400 defense system from Russia, how could they even consider that being an option. I get that global alliances went a bit obscured ...
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0answers
53 views

Explanations for the large rebound in EU-Russia trade in 2017?

The European Commission estimated the cost of sanctions [imposed on Russia] for the EU to €40bn (0.3 per cent of the EU GDP) in 2014 and €50bn (0.4 per cent of EU GDP) in 2015. In addition, it was ...
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1answer
115 views

What happens to EU trade deals with Brexit

If the UK leaves the EU, either with Theresa May's deal or with no deal, what happens to UK trade with countries that have trade deals with the EU? Does it immediately go back to WTO rules? Or has the ...
2
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1answer
91 views

Is NAFTA currently in effect, and/or will it be in effect should the United States-Mexico-Canada Agreement (USMCA) fail?

I'm curious about the current state of NAFTA. Was it terminated to make way for the new agreement, or is passing the new agreement the trigger for the removal of NAFTA? Basically, if the new trade ...
6
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1answer
284 views

Why is some Russian asbestos bound for the US stamped with Donald Trump's face?

After about 41:20 in the YouTube video for the PBS NewsHour full episode March 13, 2019 it is reported that some asbestos mined in Russia destined for the US bears a stamp of US president Donald Trump'...
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354 views

Why is the US increasing its oil exports in recent years after protecting its oil reserves for a long time?

The United States will lead oil-supply growth over the next six years, thanks to the incredible strength of its shale industry, triggering a rapid transformation of global oil markets. By 2024, the ...
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3answers
4k views

Has Britain negotiated with any other countries outside the EU in preparation for the exit?

Regarding Brexit, the prospect of a no deal has existed since the moment it has begun. I have been unable to find anything from my own research The question is straightforward enough, has any ...
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1answer
96 views

Is there a correlation between US oil imports and the US-Saudi Arabia arms deal?

What I have read here suggests that the US and Saudi Arabia are linked by trade (oil for arms and vice versa). Here is a quotation from the article. Oil has also linked the two countries since ...
2
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1answer
74 views

How is the individual person affected by economic changes as a result of Brexit? [closed]

I have a few questions regarding the following topic: How is the individual person affected by economic changes as a result of Brexit? How are people in the age between 25 and 35 predicted to be ...
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1answer
123 views

How will brexit affect the British export and import? [closed]

Will there be any positive consequences that are expected from Brexit or is it mainly expected to be bad for the British trade?
2
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1answer
309 views

Do polls indicate support for post-Brexit freer trade?

The Bank of England Brexit GDP scenarios show a blue area depicting a "close relationship" scenario and a "less close" relationship scenario. It is clear that when they use the label "less close" they ...
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2answers
303 views

Does GATT Article 24 mean that a transitional tariff regime is permitted if the UK leaves the EU without a negotiated exit arrangement?

Does GATT Article 24 mean that a transitional tariff regime is permitted if the UK leaves the EU without a negotiated exit arrangement? Article 24, paragraph 5: Accordingly, the provisions of this ...
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1answer
138 views

Does the 1997 FTA between the EU and Mexico reduce tariffs to zero, or simply agree to reciprocity?

Does the 1997 FTA between the EU and Mexico reduce tariffs to zero, or simply agree to reciprocity? I ask because a modernised version of the agreement is being finalised that “scrap high Mexican ...
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3answers
3k views

Would it be illegal for the UK to negotiate a trade deal with the EU while still a member?

Would it be illegal for the UK to negotiate a trade deal with the EU while still a member? Or is it the signing of trade deals that is prohibited, and negotiation is permitted?
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0answers
64 views

Does China interfere with commercial shipping passing through the Taiwan Straits?

I have read that China considers the Taiwan Straits to be its "sovereign territory" which differs from international law that defines bodies of waters 12 miles or more offshore as international waters ...
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1answer
139 views

Why doesn’t China negotiate trade deals with each state in US?

Say, let each state send representatives to bid for import quota of specific categories of merchandises, therefore making intra-US cooperation among states into inter-state competition; just like how ...
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1answer
86 views

Might two countries coordinate balanced tariffs?

If a country wanted to reduce taxes (say for some income bracket) but wanted to keep a balanced budget, would targeted tariffs not be a good way to do this? Would tariffs on goods that everyone (rich ...
5
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1answer
386 views

No-deal Brexit: What would be the basis for a WTO complaint if goods entering Ireland are checked at Dunkirk?

There's a BBC article which goes over several scenarios in case of no-deal Brexit containing the following paragraph: It is possible that if EU authorities decide not to check UK goods at the Irish ...
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3answers
3k views

Does the EU require preferential trade within itself?

I was talking to someone about BREXIT the other day and they presented a reason for voting leave that I hadn't heard of before. They claimed that entering the EU had always seemed unfair, to them, on ...
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2answers
313 views

How does America prevent deals in dollars between the third parties?

Say, India wants to buy weapons from Russia, Russia is under American sanctions, and America doesn't want this deal to happen so it says the transaction, as long as it's in dollars, won't be ...
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1answer
185 views

Are European Union WTO schedules certified?

IIUC WTO trade schedules can be unilaterally set, but are open to dispute and, when disputes are resolved, “certification”. Schedules can exist and take effect while not certified. I have read the ...
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2answers
89 views

Are “WTO rules” fine-grained and detailed or a set of general principles like Most-Favoured Nation?

I know the WTO mandates that members do not unfairly favour one trading partner over another, the so-called Most-Favoured Nation principle. Does the WTO have a fine-grained and detailed set of rules ...
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3answers
235 views

Do free trade agreements involve the pooling of sovereignty?

A bilateral trade deal. Tariffs on goods are mostly eliminated and mutual recognition agreements are agreed for most goods. Has sovereignty been transferred or pooled?
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2answers
2k views

Does unilateral free trade (no trade barriers from anywhere) imply no standards?

Some people have proposed that after Brexit, the UK could adopt the "Singapore model" with unilateral free trade, and have no tariffs or non-tariff trade barriers from anywhere. For example, see The ...
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2answers
612 views

No-deal Brexit and Irish border; can third countries transit through Republic of Ireland?

In case the United Kingdom (UK) leaves the European Union (EU) without any deal, World Trade Organisation (WTO) rules would apply for trade between the UK and any other country or trade bloc. Some ...
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3answers
310 views

Are there any countries besides Canada where the flow of goods is restricted between the country's provinces?

This year, Canada's Supreme Court ruled as following: The Supreme Court of Canada has ruled unanimously that provinces and territories have the constitutional right to restrict the importation of ...
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1answer
93 views

'Fair and equitable treatment' clause in the context of bilateral investment treaties

In the context of bilateral investment treaties (BITs), what is a fair and equitable treatment (FET) clause? How does it work? The abstract of this paper describes FETs, however, it's aimed at ...
5
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1answer
1k views

USMCA vs NAFTA, what's different?

Breakng news: "Today, Canada and the United States reached an agreement, alongside Mexico, on a new, modernized trade agreement for the 21st Century: the United States-Mexico-Canada Agreement," US ...
5
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1answer
114 views

Does the WTO have a concept of “default” or standard tariffs?

Does the WTO have a concept of “default” or standard tariffs for when a state has not yet agreed schedules? Or does everything default to zero?
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1answer
211 views

Is Belt and Road Initiative cost-effective?

Does the geopolitical advantage of China's Belt and Road Initiative outweigh the financial costs of the loans? Would the loan be better spent internally or kept unused?
8
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1answer
400 views

When and how were the current US and EU tariffs on cars decided?

Trump said in a recent speech in West Virginia that he didn't like the "deal" the US has with the EU on cars. But as far as I know, there's no (separate) US-EU trade agreement on this, except ...
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3answers
561 views

Has there been any EU reaction to Trump's threat to put a 25% tariff on all EU cars?

The threat of (more) US tariffs on EU cars has been making the news again today: President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the ...
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2answers
540 views

What's Rees-Mogg's constituency, socioeconomically?

Conservative MP Jacob Rees-Mogg is one of the advocates of unilateral free trade it seems. But looking at his constituency profile on Wikipedia it looks like a bunch of farmers and "light industry". ...
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1answer
460 views

Have any prominent Brexiteers argued for the UK to become a duty-free country (like Singapore)?

If the UK exits the EU without a written (and WTO-compliant) free-trade agreement, it would fall back to MFN rules: An exit from the EU, for example, would cause the UK to lose the preferential ...
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0answers
201 views

Are there precedents for the EU fining the UK for undervalued Chinese imports?

With all the Brexit talks, this has become a barely noticed case, but it might be relevant for future border relations between UK and EU: Britain faces a potential €2 billion bill from Brussels ...
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1answer
189 views

What political theories allow businessmen understand politic easily? [closed]

I am a businessman. A pretty successful one. I want to understand politic. Currently I think I am just a customer of a state, namely, my state, where I paid protection fee called tax. However, ...
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2answers
216 views

Leaving the EU without a deal and MFN rules

If the UK left the EU without a trade deal, trade with the EU would continue because it would be illegal to offer the UK worse trade terms than any other third country under WTO most-favoured nation ...
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1answer
83 views

FTAs permissible by WTO

As a WTO member a country attempts to strike bilateral trade deals to augment the baseline trade schedules agreed at the WTO (IIUC). I read that sectoral free trade agreements (FTAs) are prohibited ...
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1answer
653 views

Can schedules be bilaterally agreed in the WTO forum?

Can schedules be brokered bilaterally, i.e. without consent of other WTO members, or do all WTO members have to ratify all WTO deals? I am trying to understand if all WTO members will need to ratify ...
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1answer
245 views

Does the WTO itself have any input into trade agreements?

Does the WTO itself have any input into trade agreements, or is it merely a forum for sovereign states to negotiate and settle disputes?
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1answer
909 views

No deal Brexit - how to transition to a new UK/WTO legal interface

If the UK leaves the EU without an EU deal, then I thought UK trade would happen on WTO terms. If this is incorrect, on what terms would trade occur? Is it correct to say that WTO-based trade cannot ...
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1answer
4k views

What international relations is Australia missing out on by being a constitutional monarchy?

For my debate, I have to argue in favour of Australia being a republic. I'm planning on one of my points being that by still being a monarchy, Australia is missing out on multiple international ...
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2answers
169 views

How does Brexit affect trade between the UK and countries outside of the EU?

While the negotiations between the UK and the EU are currently front-page news, what happens to treaties and agreements UK is automatically a party of by virtue of their EU-membership? Are there ...
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0answers
72 views

Has Trump has set any benchmark for winning the trade war(s)? [duplicate]

It's well known that Trump said that: 'Trade wars are good, and easy to win'. But unlike in a conventional war, how do you know when you've won a trade war? And I mean this question to be answered ...
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2answers
6k views

What were Trump's specific accusations justifying imposing tariffs against China? [on hold]

President Trump repeatedly talked about China's unfair trade practices. What were those? Do other countries like China install unfair trade guidelines? Or, is China being targeted "unfairly"?
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5answers
4k views

Does the European Union buy soybeans?

Thursday reports relative to the Juncker-Trump meeting: Europeans agreed ... to buy billions of dollars of American soybeans. Now, my question is quite simple: Does the European union buy ...
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5answers
1k views

Is there a stated goal in the US “Trade War”?

I'll call it a Trade War, because I don't know that there is a more appropriate phrase. Initially I understood the administration's goal was to stimulate US producers to be more productive, so as to ...
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1answer
786 views

Who authorizes the $12B in emergency aid to farmers and where does it come from?

The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump's escalating trade war in key ...
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1answer
156 views

What is the argument for committing to ongoing regulatory alignment for goods between the UK and EU?

The UK economy is only ~20% goods-based [1]. ~85% [2] of the global market (PPP) sits outside of the EU (excluding the UK), and this share is growing. Only 5-8% [3] of UK businesses export to the EU....
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1answer
923 views

The EU and Japan recently concluded a Free Trade Agreement - will the EU and Japan share a common rulebook on goods, including agrifood?

The EU and Japan recently negotiated a Free Trade Agreement. Will the EU and Japan therefore share a common rulebook for goods, including agrifood?