Trade Facilitation - Services - and Standards Liberalization

Question: Discuss about the Trade Facilitation, Services, and Standards Liberalization. Answer: Introduction: This is a research related journal article involving and experiential investigations on the big economies and sectoral influences of two practices of the local trade treaties and the international trade liberalization in small countries. To do this, the research looks at the effects of complex policies like the impact of trade agreement among countries, the economic corporation contracts and the impacts of full cost liberalization. This will also discuss the importance and the disadvantages of tariff barriers. This is because as much as trade liberalization may provide a lot of benefit to different macroeconomic indicators, like the welfare, trade volumes, and employment; liberalization may also mean removing cost and non-cost obstacles which will provide utmost profits in comparison to additional situations of real output. With regard to this article, trade policies are important for developing countries with regard to trade liberalization. The journal discusses the results of the creation of trade and diversion that focuses on the role of trade partnership and not partnerships country characteristics. This includes relative factor endowments and size, reciprocity, date, coverage of the industry and the liberalization rate which look at the characteristics of the agreement. The article contributes to the literature of globalization in a trade by looking at the tobacco industry. It does not only look at the USTR responsiveness to lobbying from tobacco corporation but also raises concerns about the drivers of globalization and the protection that is afforded to other public health concerns of the tobacco industry on a global scale with regard to trade agreements. The document will also indicate that USTR support of the tobacco industry isnt unconditional, with regard to the wider pressure of the global trade negotiations. The article discusses the importance of investment and trade liberalization and how it can harm or promote public health. In the article, writer discusses how it has contributed, unequally, to the social and economic development of Asia in the most recent decades. The article discusses the importance of preferential trade agreements for most countries. The article looks at the effects of these agreements and how it has attracted a lot of interest. The article also raises questions on whether preferential trade agreements can promote or slow down the multilateral trade liberalization. It seeks answers to whether it is an obstacle or a building block to the multilateral liberalization. The article discusses the benefits of free trade agreement with developed countries and the pacific island countries. It shows that there are more benefits for the regional trade agreements that there are in international trade agreements. This is because the manufacturing sector seems to decline as the production sector increases. In the article the reader will learn more about how free trade works. The articles will also educate the reader on other factors that make free trade work for the developed countries more than in does for the under developed countries. The articles also analyses world economies and discusses several situations that should be looked at as the world economy comes under one hum of trade liberalization. The paper investigates the effects of trade liberalization with the European Union and how it affects the trade balance deficit of CEFTA 2006, (Central European Free Trade Agreement. References Asafu-Adjaye, J., Mahadevan, R. (2012). Regional Trade Agreements versus Global Trade Liberalisation: Implications for a Small Island Developing State. World Economy, 32(3), 509-529. Baker, P., Kay, A., Walls, H. (2014). Trade and investment liberalization and Asia's noncommunicable disease epidemic: a synthesis of data and existing literature. Globalization and health, 19, 66. Kandogan, Y. (2013). Trade Creation and Diversion Effects of Europe's Regional Liberalization Agreements. International Economic Journal, 23(4), 591-615. Kurtovic, S., Talovic, S. (2015). Liberalization of Trade With The EU and Its Impact on The Reduction in CEFTA 2006 Trade Balance Deficit. International Journal of Economics and Financial Issues, 5(2), 34-38. Limao, N. (2016). Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence from the United States. The American Economic Review, 96(3), 896-914. MacKenzie, R., Collin, J. (2012). Trade policy, not morals or health policy: The US Trade Representative, tobacco companies, and market liberalization in Thailand. Global Social Policy, 12(2), 149-172. Mahadevan, R., Asafu?Adjaye, J. (2013). Unilateral Liberalisation or Trade Agreements: Which Way Forward for the Pacific? The World Economy, 36(10), 1355-1372. Tarr, D., Jensen, J. (2012). Deep trade policy options for Armenia: The importance of trade facilitation, services, and standards liberalization. Economics - The Open-Access, Open-Assessment E-Journal, 6(1), 1-54.