Stats/info
The traditional globalised trade relationship in Europe was centred on EU-US trade, with good relationships and relatively low ......between the two nations.
What are trade barriers?
A tax imposed by one country on goods and services imported from another country?
What is a tariff
the executive arm of the EU responsible for implementing and managing policy.
What is the The European Commission ?
not importing goods and favouring domestic markets
What is protectionism?
In the last 50 years has increased by 600%
What are climate emissions ?
30%
What are the tarrifs trump wants to impose on europe?
agreements between countries that enable the international trading of goods and services by reducing their tariffs or other trade barriers and by sharing resources
What are free trade agreements
countries impacted by the EU trade policy
What are third countries
big companies that operate internationally
What are MNCs?
reduction of trade in developing countries can lead to...
What is reducing living standards and increasing global poverty?
The tarrifs america put on china
What is over 100%
An economic strategy involving high tariffs, subsidies and quotas
What is Protectionism
all trade agreements must be ratified by....
What are member states?
international companies investing into domestic markets
what is foreign direct investment (FDI)?
extensive globalisation can lead to the growth of....
What are wasteful industries?
A positive result of tarrifs..
What are...
calculated through how much one country exports and imports from another country
what is trade balance?
the international organisation set up to regulate and facilitate free trade between its 160 member countries (overseeing 98% of world trade).
What is the WTO?
policy that protects traditional or developing industries maintaining traditional employment and communities.
What is protectionism?
tariffs also complicate the global trading system and lead to a reduction in....due to uncertainty and a lack of investor confidence.
What is global investment?
A negative result of tarrifs
Wgat are...?
The process of moving businesses or certain company functions from one country to another,
What is offshoring?
the department of the commission that can negotiate free trade agreements.
What is the the Directorate-General for Internal Market, Industry, Entrepreneurship and Small and Medium-sized Enterprises (DG- GROW)
It also argued that increased countermeasures will increase the likelhood of....
What is a trade war?
Second-order effects
What is a term that refers to the indirect or secondary consequences that result from an action or event?