InternationalTradeInternational trade is inextricably linked with FDlinternationaltechnologytransferandinternational finance.FDl:changetradeflowsandpatternsInternational financial flows:foreign exchangeInternational>availability and exchange rate movements impact onTradetradeInternationaltechnologytransfer(capitalgoods):leadsto tradein materials and semi-finishedandfinancialproducts
▪ International trade is inextricably linked with FDI, international technology transfer and international finance. FDI: change trade flows and patterns International Trade International financial flows: foreign exchange availability and exchange rate movements impact on trade International technology transfer (capital goods): leads to trade in materials and semi-finished and financial products International Trade
International Trade EnvironmentIn the 1970,international trade was one of the majordriving forces behind world economic expansion.The expansion in1970-1980wasfosteredby:falling tariff and nontariff barriers to trade in most countries;decreased transportation and communication costs;Lthe export-oriented growth strategies of many countriesDuring the global recession in the early 1980s,worldtrade declined in real terms bya greater amount thandidworldGDP
International Trade Environment ▪ In the 1970, international trade was one of the major driving forces behind world economic expansion. ▪ The expansion in 1970-1980 was fostered by: falling tariff and nontariff barriers to trade in most countries; decreased transportation and communication costs; the export-oriented growth strategies of many countries. ▪ During the global recession in the early 1980s, world trade declined in real terms by a greater amount than did world GDP
International Trade EnvironmentMajorpoliticalleadersmayhave significantimplicationsforthetheworldtradeenvironement. The Uruguay round of GATTnegotiations resultedinthe establishmentofthe WTO and some of the most basic changestothe GATT sinceit was implemented in1947.The gains from the negotiation andimplementationoftradingagreements such asGATT, NAFTA, and FTAA(Free Trade Area of the Americas)canbe great,resultinginsome reductionsinprotectioninmanufacturingsector
International Trade Environment ▪ Major political leaders may have significant implications for the the world trade environement. The Uruguay round of GATT negotiations resulted in the establishment of the WTO and some of the most basic changes to the GATT since it was implemented in 1947. ▪ The gains from the negotiation and implementation of trading agreements such as GATT, NAFTA, and FTAA(Free Trade Area of the Americas) can be great, resulting in some reductions in protection in manufacturing sector
Group 20 (G20)TheGroup ofTwenty (G20)is thepremierforumforinternationalcooperationonthemostimportantissuesoftheglobaleconomicandfinancialagenda.Itbrings togetherfinanceministers and centralbank governorsfrom 19countries:Argentina,Australia, Brazil, Canada, China,France,Germany,India,Indonesia,Italy,Japan,theRepublicofKorea,Mexico,Russia,SaudiArabia,SouthAfrica,Turkey,theUnitedKingdom,theUnitedStates ofAmericaplustheEuropeanUnionThe2013G20Leaders'SummitwasheldinSt.PetersburgonSeptember56,2013,whichwasthemainG20eventof2013RUSSIAG2O
Group 20 (G20) ▪ The Group of Twenty (G20) is the premier forum for international cooperation on the most important issues of the global economic and financial agenda. ▪ It brings together finance ministers and central bank governors from 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States of America plus the European Union ▪ The 2013 G20 Leaders' Summit was held in St. Petersburg on September 5- 6, 2013, which was the main G20 event of 2013
Asia-PacificEconomicCooperation(APEC)APECINDONESIA2013TheAPECCEOSummit is the premierbusiness event intheAsia-Pacific.In2013,Indonesia,theSummit'sthemeisTowardsResilienceandGrowth:ReshapingPrioritiesforGlobal Economy',whichwillprovideenrichingdiscussionbypolicymakers,businessleadersandinnovativethinkersonsecuring inclusive sustainablegrowthand achieving the aimof shareddevelopmentandcommonprosperityforall.APECSEOSUMMIINDONESU2013
The APEC CEO Summit is the premier business event in the Asia-Pacific. In 2013, Indonesia, the Summit’s theme is ‘Towards Resilience and Growth: Reshaping Priorities for Global Economy’ , which will provide enriching discussion by policy makers, business leaders and innovative thinkers on securing inclusive sustainable growth and achieving the aim of shared development and common prosperity for all. Asia-Pacific Economic Cooperation (APEC)