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Essay heading: International Trade: Rodamia
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Issue: Business
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Date added: May 27, 2003
No of pages / words: 3 / 788
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Further, these countries will not be inclined to impose tariffs on cheese imported from Rodamia. The disadvantage of this decision is that the domestic corn industry is left open to be damaged by cheaper imports. Finally in January of 2006, policy makers in Rodamia are leaning toward lowering trade barriers and negotiating free trade agreements (FTA) with one or more neighboring countries...
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In evaluating the Rodamia’s options, the Trade Representative determines that entering into a FTA with Alfazia would be most beneficial. This disadvantage of entering into such an agreement is that countries outside of the FTA will not be able to complete due to higher tariffs. Four Key Points Emphasized in Simulation Key points emphasized in the simulation are: Comparative advantage, free trade policy, trade restrictions, and Production Possibility Frontier (PPF)...
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General issues of this essay:
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