The Pros And Cons Of Recommendations In Tanzania

The management in Premier Drinks reports a recent substantial increase in competition in the local market by multinational companies. According to the report two foreign companies, one from Germany and one from Poland, have recently established operations. The report discusses the suspicions that local officials have accepted payment by the competitors in exchange for permission to sell their products in government buildings and sport events; many of these establishments have been previously inaccessible to Premier Drinks. The arrangements between local officials and the competitors correlate to the drop in sales.

This course reviews the organization for international marketing, foreign demand analysis, product development and policies, trade channels, promotion policies, pricing, and legal aspects. Emphasis is on development of effective international marketing strategy addressing the major global market areas (Europe, Africa, Asia, and the Americas).

Since the mid-20th century, countries have progressively reduced barriers, subsidies to domestic industries and diverse restrictions on international commerce in order to promote specialization and greater efficiency in production. In theory, free trade allows nations to focus on their main comparative advantages and profit from cooperation and voluntary trade. This strategy is usually reinforced by treaties between two or more countries where commerce of goods and services can be handled across their common borders, without tariffs and other trade obstacles. As a key component of regional integration in the Americas, CAFTA-DR is one important example of this economic ideology.

International trade has become a very important means of survival for global economies in this day and age. As countries continue to grow and resources become smaller, trade with other countries who have provide certain resources in a greater capacity becomes very lucrative. At the same time, those same countries must be able to offer something of similar value. Through this ability of trade, this allows countries to

World Trade Organization - the Protocol on the Accession of the People’s Republic of China - General Agreement on Tariffs and Trade - discrimination - conservation of exhaustible natural resources - domestic production or consumption

This paper analyses the relationship between export and Economic growth of Tanzania and evaluate the relationship of these variables for the period of 2000-2010.It is observed from the data obtained from National Bureau of Statistics website that export is increasing for the period of ten years from(2000 – 2010) likewise GDP is increasing. Therefore these two items relate to each other. It can be concludes that policy makers has to establish strong policies to promote both agriculture and manufacturing as they have influence in GDP and all these promote export trade.

Vietnam is now one of the world’s fastest growing economies despite it being one of the region’s poorest countries. It is one of the world’s top exporters of rice, coffee, cashew nuts, and black peper. Due to low cost of human labor and lower operating costs, Vietnam offers plenty of opportunities for international businesses. Hence, many western companies are expanding their business to the area. Textiles and garments are the backbone of the Vietnamese industry, and these sectors contribute greatly to the country’s industrial growth. Since joining the World Trade Organization (WTO) in 2007, the government has strongly supported the textile and garment sectors by providing strong incentives to attract foreign investors (Nieuwoudt, 2009). It is undeniable that the government of Vietnam still has great improvements to make in order to advance in the global market. The country is still considered to be in the early stages of infrastructure development, resulting in a great barrier for the country. Ongoing reforms in the country are helping the economy of Vietnam; however, reform efforts are not efficient or transparent. Vietnam’s economy is driven primarily by tourism and exports as investment is hard due to the absence of transparency in the legal and regulatory system.

Free trade areas, FTA, are economic integration arrangements in which barriers to trade (e.g. tariffs), exchange of goods and information among member nations are removed. It is arguable to say that fair trade aims to create equilibrium between LEDC's, less economically developed countries and developed nations in terms of trading activities and ethics. In saying this, free trading between more economically developed countries and LEDC's will mean

Over the course of time, there have been incorporations of multiple agreements all around the world between developing, industrialized countries and third world countries. These agreements are often depicted as a form of advancement and growth for all the parties that are involved. However, this is not always the case, as it is often common that one(some) of the parties becomes affected in a negative manner. While the other party(ies) finds ways to take advantage of the situation and profit from it. One clear example of this is the North American Free Trade Agreement which was implemented between Canada, Mexico and the United States, with the purpose of removing barriers to exchange goods and services to improve the economy. Though, the outcomes of this trade agreement have generally been the opposite of what its primary goal was. As well as the countries mentioned previously, Africa is stumbling upon a similar situation with the European Union. The EU, would like to implement the Economic Partnership Agreement in African countries. Although, the propositions offered by the EU in regards of the (EPA) seem to be valuable for Africa’s progression, it is more likely that the Economic Partnership Agreement will cause negative effects towards Africa’s economic, political and social position.

The changes in laws and rules, like accounting standards, taxation policy and environmental laws and foreign jurisdictions would possibly have an effect on the book of the corporate moreover as their entry in foreign country. Beside that, the changes within the nature of business as non-alcoholic beverages will gain competitive product and evaluation pressures and also the ability to boost or maintain the share in sales in international market as a results

Moreover it is important to note that inasmuch as these countries have expanded access, there are also standardized business regulations that prevent countries from dumping products at a cheap cost, stealing innovative products or using unfair subsidies. By engaging in this trade agreement, benefits such as elimination of tariffs or

Free trade agreements create a free flow of goods, services, investment and people.The Doha Development round was a multilateral trade agreement between the member countries of WTO. The primary objective of the Doha round was to provide opportunities to developing countries into the world trading system; it covered about twenty areas of trade, market access for non-agricultural products and some intellectual property issues. However, even after sincere efforts, evidence suggests that developing countries did not gain much from Doha development round of tariff negotiation. This paper analyses the World Trading systems, Free Trade and Doha Round of multilateral trade negotiation.

After China joined the World Trade Organization, it realized it was unable to accomplish its trade goals of recognition of a market economy status and preferential access to regional factors of production using traditional multilateral routes, for these goals are not in spirit with multilateral treaties and instead decided to achieve such goals with bilateral agreements (Mallon and Whalley 2004). Multilateral treaties, by nature often restrain member nations, guaranteeing that one nation does not

Given that the world is interdependent, economic progress of a country depends upon its relations with other nations (Shukla, 2009). Through strong international trade, economies have flourished and gained power to control and steer the global economy (Economy Watch, 2010). Over the years, it has offered a wide range of benefits to various economies across the globe. The rising importance of international trade has been fueled by contemporary production techniques, innovative transportation systems, transnational organizations, outsourcing activities and expeditious industrialization (Economy Watch, 2010).

In this paper, the trade structure between Germany and Tanzania, and its impacts to the development of Tanzania has been analysed. The study identifies that Tanzania’s major export commodities to Germany include primary goods and few intermediate and manufactured goods, while it imports significant volumes of finished manufactured goods from Germany. By this structure of trade, Tanzania is perhaps locked to concentrate on production of natural and primary goods; this has a better outcome in the short term, but leads to several problems in the long-term which can future hinder its speed of development. In this case, Tanzania needs to establish strategies that can assist in improving production of manufactured goods so as to boost its benefits