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

Filter by
Sorted by
Tagged with
3
votes
2answers
139 views

Why do certain states offer lax, open ship registries?

Some world states maintain an "open registry" of ships, allowing non-resident non-citizens to register their ships in that state and fly its flag (a "flag of convenience"), and additionally, do not ...
4
votes
1answer
233 views

Where might the Iranian-oil-carrying tanker Grace 1 have been heading?

The UK recently seized an oil tanker, Grace 1, carrying Iranian oil into the Mediterranean sea. The UK claimed the oil was intended for Syria, but Iran denies this (e.g. Javad Zarif in this interview, ...
-2
votes
1answer
177 views

Does Indonesia restrict chicken wings import under the pretext of halal certification?

I couldn't find the link on the Americans do not like chicken wings enough. The consumption is far less than production. That's because the chickens are injected with so many hormons on their wings. ...
1
vote
2answers
224 views

Why did EU sign a free-trade deal with Vietnam?

According to Reuters, The European Union has signed a free trade deal with Vietnam: The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a ...
1
vote
0answers
88 views

Why use tariffs instead of a tax on foreign investment to remedy the “trade deficit”?

Many people and politicians in the United States lament the trade deficit, or more percisely, the current accounts deficit. The necessary corollary to a current account deficit is a capital account ...
3
votes
1answer
96 views

How does INSTEX work, and why won't it work?

After the US withdrew from the JCPOA, it threatened criminal and/or financial action against entities which trade with Iran (with some limited exemptions). This made the SWIFT society drop Iranian ...
2
votes
2answers
115 views

Are Common External Tariff levels in the EU agreed via qualified majority voting or unanimity?

Are Common External Tariff levels decided by qualified majority in the Council of Ministers? Or are these classified as taxation and therefore need unanimous agreement?
3
votes
2answers
203 views

Does Japan intentionally devalue its exports to the US in exchange for US military protection?

I came across this unsourced answer which claims that the Japanese government buys US treasury bonds at a loss to make exports to the US cheap for US consumers in exchange for military protection by ...
3
votes
1answer
133 views

How many US states still prohibit transportation of alcohol across state lines without a license, even for personal use?

Apparently Ohio still prohibits transportation of alcohol (even for personal use) across its state lines, without a license ("H permit"), while Pennsylvania legalized it in 2015/2016 and Iowa was ...
2
votes
1answer
168 views

Ratification of trade agreements

Are trade agreements treaties? If so, does that mean that trade agreements are agreed by trade envoys and cabinet-level politicians before being presented to the legislature for ratification? In ...
5
votes
1answer
166 views

Do the United States' new tariffs on Mexican imports apply to goods shipped through the US to other countries?

Canada currently imports some 2.5 Billion C$ a year in fresh produce from Mexico. If this produce is shipped by rail or truck through the United States to Canada, would the proposed Trump escalating ...
2
votes
2answers
213 views

What are the consequences of the U.S. imposing a 5% tariff against Mexico?

https://www.youtube.com/watch?v=PT42zJhZ-jw What are the consequences of the U.S. imposing a 5% tariff against Mexico? I heard on Bloomberg that the 5% tariff would be a breach of NAFTA. If the U.S. ...
1
vote
1answer
288 views

Why does the 25 year import rule for cars still exist in the USA?

A motor vehicle that is at least 25 years old can be lawfully imported into the U.S. without regard to whether it complies with all applicable FMVSS. Why does that 25 year import rule for cars still ...
2
votes
1answer
36 views

Was parliamentary ratification of trade treaties necessary in the UK (before joining the EU)?

The royal prerogative seems to be the source of UK's government's power to conduct foreign affairs. But does it completely cover trade treaties, i.e. before joining the EU was parliamentary ...
4
votes
2answers
108 views

Trade Agreements Approval Process EU vs UK

According to The Trade Justice Movement, the UK's current trade negotiation legislation (which hasn't been relevant for some time) means that only government approval (that is the executive) is ...
12
votes
2answers
775 views

How does the EU Emissions Trading Scheme account for increased emissions outside the EU?

If a third country (say China) is not beholden to the same emissions trading scheme, market forces should push steel production into the countries where costly emissions credits are not needed and ...
9
votes
2answers
410 views

What can the U.S. do politically if China decided to stop exporting rare earth metals to the U.S.?

China has recently threatened to ban export of rare earth metal to the US. What can the US do to retaliate against such a move politically? Is there anything the U.S. can do that could hurt China as ...
9
votes
1answer
392 views

Exactly what did China “renege on” in a trade deal?

Donald Trump said Beijing “broke the deal” by reneging on earlier commitments made during months of negotiations. Larry Kudlow said that China needs to agree to “very strong” enforcement provisions ...
2
votes
1answer
126 views

What explains the timing of the U.S China trade tariffs and negotiations?

This Wikipedia article dates the start of the U.S. China trade war to January 2018. Link to Wikipedia. Of course trade rhetoric about China probably dates back to the earliest days of the Trump ...
1
vote
1answer
61 views

How many WTO cases has the Trump administration launched (per year)?

Although Trump criticizes the WTO, his administration has nevertheless initiated case there, for example 5 cases against retaliatory tariffs last year: [07/16/2018:] The Trump administration on ...
39
votes
3answers
8k views

Can the president of the United States be guilty of insider trading?

For almost one year now, I have closely observed developments on stock markets. I mainly focused on major indices such as the Dow Jones and DAX (I am from Germany). Both indices suffered losses during ...
2
votes
0answers
27 views

Are there some figures for Moldova's economic benefits from their Association Agreement with the EU?

Moldova has an Association Agreement with the EU which includes a Deep and Comprehensive Free Trade Area as well as some ancillary benefits according to Wikipedia the modernisation of Moldova's ...
2
votes
1answer
82 views

What benefits does the African trade bloc bring to the African Union's member states?

What benefits does the African trade bloc bring to the AU's member states and what changes does this deal bring?
3
votes
3answers
231 views

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 ...
2
votes
2answers
151 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 ...
2
votes
1answer
119 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
votes
1answer
102 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
votes
1answer
320 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'...
4
votes
3answers
467 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 ...
15
votes
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 ...
1
vote
1answer
104 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
votes
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 ...
-1
votes
1answer
128 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
votes
1answer
319 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 ...
2
votes
2answers
347 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 ...
1
vote
1answer
142 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 ...
8
votes
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?
2
votes
0answers
75 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 ...
1
vote
1answer
143 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 ...
2
votes
1answer
89 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
votes
1answer
403 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 ...
8
votes
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 ...
9
votes
2answers
314 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 ...
1
vote
1answer
215 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 ...
1
vote
2answers
111 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 ...
3
votes
3answers
277 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?
14
votes
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 ...
8
votes
2answers
656 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 ...
3
votes
3answers
323 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 ...
1
vote
1answer
103 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 ...