Lecture International trade and investment: Chapter 8 - John Gionea

Chapter 8:Regional Economic Integration APEC F T A A Australia­ New Zealand Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea TOPIC PLAN • LECTURE NOTES – AUSTRALIA’S MERCHANDISE TRADE WITH THE REST OF THE WORLD – COMPARATIVE TRADE INDICATORS – AUSTRALIA’S POSITION IN THE SERVICES TRADE – AUSTRALIA AS A DESTINATION OF FDI – AUSTRALIA’S DIRECT INVESTMENT ABROAD • TUTORIAL EXERCISES Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Regional Economic Integration • Agreements among countries in a geographic region to reduce, and ultimately remove, tariff and non­tariff barriers to the free flow of goods, services and factors of production among each other. • It is estimated that currently there are about 220 regional trade arrangements! Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea REGIONAL TRADE ARRANGEMENTS • Exception to MFN Rule • Five levels of regional economic integration: –Industrial free trade area –Full free trade area –Customs Union –Common Market –Economic Union Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Regional Economic Integration FREE TRADE AREA(FTA) • NO Tariffs and quotas among members • National tariffs against non­members • Partial(Industrial)FTA and Full FTA Free Trade Area • Bilateral FTA:Australia­New Zealand • Plurilateral FTA: EFTA, NAFTA, AFTA. Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea ... - tailieumienphi.vn