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International Markets
FOREIGN TRADE
The high position of Japanese exports and studying the global markets are involved in the production process
Imports came mainly from: China (21%), United States (12.7%), Saudi Arabia (5.5%), UAE (4.9%), Australia (4.7% ), South Korea (4.7%) and Indonesia (4%).
Export - the main customers include: the United States (22.9%), China (13.4%), South Korea (7.8%), Taiwan (7.3%) and Hong Kong (6.1%).
Wholesale, retail trade, advertising, data processing, publishing, tourism, leisure industries, entertainment, hotels are dominant.
R E G I O N S
Introduction
After World War I, millions of people lost faith in democratic government. In response, they turned to an extreme system of government called fascism. Fascists promised to revive the economy, punish those responsible for hard times, and restore order and national pride. Their message attracted many people who felt frustrated and angered by the peace treaties that followed World War I and by the Great Depression.
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Member States
Shared values: liberty, democracy, respect for human rights and fundamental freedoms, and the rule of law. Largest economic body in the world. Worlds most successful model for advancing peace and democracy.
733 million
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A unique institution Member States voluntarily cede national sovereignty in many areas to carry out common policies and governance.
Not a super-state to replace existing states, nor just an organization for international cooperation. Worlds most open market for goods and commodities from developing countries.
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North America
South America Oceania (incl. Australia) Antarctica
486,000,000
351,000,000
31,000,000
no permanent population
Citizens, freedom, security and justice 1% The EU as a global player: including development aid 6% Other, administration 6%
EU Institutions
European Commission 27 Commissioners, representing the European perspective, each responsible for a specific policy area. EUs executive branch proposes legislation, manages Unions dayto-day business and budget, and enforces rules. Negotiates trade agreements and manages Europes multilateral development cooperation.
EUs main decision-making body, comprised of ministers of 27 Member States, representing Member States point of view. Decides on foreign policy issues. Council presidency rotates among Member States every six months.
EU and its Member States are helping restore peace and stability in Afghanistan. EU and U.S. work together in the Middle East Quartet to advance the peace process. When the EU and U.S. agree, others tend to follow.
Competitiveness
through:
Enabling interdisciplinary research Creating synergies Harmonizing and standardizing of the European research landscape Attracting and retaining world-leading scientists Collaboration between academia and industry
Economic Update
Chinas economy grew 8.1% in 2011 Chinas GDP $7.298 trillion worlds 4th largest Foreign direct investment (FDI) US$115 billion . Foreign trade volume US$ 1,422.1 billion Foreign currency reserve US$ 3,305 billion Total household savings in banks US$ 1,838.1 billion
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American Chamber of Commerce Survey: Number One Goal for China Business
Serve as regional headquarters Produce goods or services for other (non-China, non-US) market Others
Q: No.1 goal of the US investment in China? A: China domestic market opportunities. (62%+ 11% = 73%)
5%
5% 3%
Export to China
11%
14%
62%
Manufacturing in China
Take advantage of low cost, skillful labor force and collegegraduated engineers, lower manufacturing cost For some products, Chinese government only allows those manufactured in China to enter into China domestic market Good OEM/ODM capability, covering almost all industrial sectors of consumer and capital products.
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China Procurement
Direct purchase from manufacturers Access to a larger manufacturer and supplier base Lower purchasing cost Better quality control Better supply chain management
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Industrial Zones
Industrial zones provide various incentives and opportunities for US companies with different business models
Special Economic Zone (SEZ) Economic and Technological Development Zone (ETDZ) Free Trade Zone (FTZ) High-Tech Park Export Processing Zone (EPZ) Bonded Logistics Zone (BLZ) Bonded Port
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The World Trade Organization and GATT: Helps Tradereduces tariffs and other international trade barriers.
Regional Free Trade Zones: Groups of nations organized to work toward common goals in the regulation of international trade.
GATT
GATT Founded in 1948
Replaced by the World Trade Organization in 1995
GATS is same as GATT but is For Services and came into being in 1995
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