The purpose of this assignment is to develop a better understanding of the nature, characteristics, and patterns of international trade and the trade policies and practices to ease or remove trade barriers, in the context of an economic trade zone. You are required to select an economic trade zone (e.g. European Union, NAFTA) and demonstrate a comprehensive knowledge regarding the international trade policies and procedures.
While reading and attempting to review this piece of research work, you will have the opportunity to learn and discuss the trade and logistics practices in a trade zone from an international trade perspective. In particular, you are required to demonstrate knowledge regarding the following topics,
- Brief trade history of the trade zone
- Freight flow statistics – import/export and freight composition
- Trade policies – tariff, subsidies, quotas, off-shoring and FDI
- Critical review of current trade policies – barriers and challenges of the implementation
- Final conclusion