Turkey’s Immigration Policy: What you need to come to Turkey

Turkey is a country with a long history of emigration and immigration. Today, it a major hub for mixed flows of asylum-seekers, irregular migrants, and migrant workers. It is a country of origin, transit, and destination. It is a crossroad between Europe and Asia and is a major destination and transit for persons fleeing conflict,

Turkey’s Tariffs

Tariffs or duties are custom taxes that government imposes on imported goods. They are implemented to protect domestic production and jobs. Turkey has been keen on joining the European Union and in 2005 the European Commission began accession proceedings. Before seeking establishment within the EU, Turkey and the EU formed a customs union. The union

Turkey’s Trade Agreements

Countries are engaging in bilateral and regional free trade agreements because of the World Trade Organization (WTO). WTO deals with the rules of trade between countries. Turkey joined the WTO in 1995 and has been a member of the General Agreement on Tariffs and Trade (GATT) since 1951.  Since then Turkey has concluded trade agreements

Turkey’s Brain Drain: Youth See No Future

Brain drain is the substantial emigration or migration of individuals to countries that can provide better employment opportunities, working conditions, and living standards. This results from several factors including political instability or more favorable professional opportunities elsewhere. Migration is an existing strategy from everyday struggles. Brain drain causes countries, industries, and organizations to lose the

Turkey’s Migration Patterns and Trends

Turkish migration trends and patterns are influenced by geography, economic and regional politics. Turkey has been a transcontinental migration destination because of its location. It is located between Europe, Asia, and Africa and is the prime route for migrates looking to enter Europe. Turkey’s emigration has mostly flowed to Western Europe and the Middle East

Canada’s Migration policy

Foreign-born people make up about one-fifth of Canada’s population—one of the highest ratios for industrialized Western countries. A 1971 policy first signed by the government’s for cultural diversity, and legislation in 1976 explicitly codified Canada’s commitment to refugees, mandated federal and provincial officials develop immigration targets together, and cast immigration as a tool for meeting the country’s

Canada’s Trade Agreements

Trade Agreements Canada is currently in multiple bilateral and multilateral free trade agreements (FTA) with countries all over the world. Some of Canada’s current FTAs include Canada – European Free Trade Association (EFTA), North American Free Trade Agreement (NAFTA) and, Comprehensive Economic and Trade Agreement (CETA). Canada is regularly described as a trade nation as its

Canada’s Comparative advantage: Natural Resources

Canada’s comparative advantage in international trade lies in natural-resource-intensive industries. Canada tends to export goods and services that are intensive in natural resources and import goods and services that are less intensive in natural resources. These natural resources include agriculture, forestry and fishery products, metal mines and crude petroleum and natural gas. All these types

Morocco: Migration, Argan Oil, and COVID-19

In the third quarter of 2020, Morocco’s unemployment rate moved to 12.7%, the highest it’s been since the fourth quarter of 2001. Rising from 9.4% in last year’s third quarter, there is no question that the COVID-19 pandemic is hitting Morocco’s labor market hard. Examining the effects of migration on labor markets is difficult this

The Netherlands and their Labor Market

The answer to the poll above is that The Netherlands unemployment rate has decreased almost 5% from a high peak in 2014 at 9% unemployment. Not only is The Netherlands unemployment rate low, their labor market in general is highly flexible, with a large amount of part-time work arrangements and labor contracts. However, The Netherlands

Tariffs, Bro.

The Netherlands is a member of the European Union, and therefore follows the agreed upon European Union tariffs. Because of this, imports and exports are covered by the EU Taxation and Customs Union. All members of the European Union apply the same Common Customs Tariff (CCT), where the criteria includes difference of product, the source

The Netherlands and Their Refined Petroleum

The Netherlands is a country known for its tourism and liberal tolerance. When you picture the Netherlands in your mind, you see bicycles, canals, and windmills, not a major oil refining industry. However, refined petroleum is one of the Netherlands main products. Refined petroleum made up 6.85% of The Netherlands exports in 2018 raking in

Morocco: Migrant Patterns

Moroccan immigration policy has transformed over recent years; in 2019, around 98.6 thousand international migrants immigrated to Morocco. However, when considering Morocco’s population of around 36 million, emigration is much more common. By mid-year 2019, there was a total number of approximately 3 million Moroccan emigrants. The image above shows the drastic difference between immigration

Immigration Trends in Norway

As explained in previous blogs Norway’s immigration policies are very gradual compared to other countries. As of now, Norway has roughly 867.8 thousand immigrants. The graph shown below visually explains Norway’s key immigration trends leading up to 2020.   As you can see, Norway has gradually increased its immigrant residents every five years for the twenty

Brain Drain or Gain? The Emigration Effects on Nigeria’s Healthcare Sector

Nigeria is currently experiencing a loss of its most skilled professionals in major sectors beneficial to economic growth, including its healthcare workers. There are many definitions for the economic theory “brain drain”. The way that I define it is the emigration of highly skilled and educated professionals in search of better living standards. Whether it

Immigration and the Belgian Labor Market

Immigration is often overlooked in Belgium, despite it revealing quite some interesting insights into how immigration affects the labor market, and where Belgium stands in comparison to other E.U. nations. The National Bank of Belgium conducted a study on how recent immigration waves have effected the economy. The study concluded that the arrival of immigrants

Economic Effect of Egypt’s Brain Drain

Egypt is known as a very nice country to enjoy tourism, but how about thinking about living there as an average Egyptian? Looking into Egypt’s economic standing regarding unemployment and emigration rates, it shows that there is a great brain drain and it will surely effect its economy sooner rather than later. Looking into Egypt’s

Switzerland: Immigration Impacts on Labor Markets

If you’ve been reading my previous blogs, then you know that Switzerland has one of the highest immigration populations. In 2012, the country was at 27% alone. As a whole, the labor market outcomes are highly favorable for the immigrant population. Both men and women immigrants have higher employment rates in Switzerland than in other

Brazil: Immigration Impacts on Labor Market

Brazil has been open to immigrants and although the country has had its downfalls in the resources that they provide new migrants, but they do make an effort to remove obstacles to finding work. The Migration Law is the law that allows for migrants to obtain social security access. Their motivation for increasing access to

Taiwan’s 2020 Increase: Week 13 Labor Market

Last week we dove into Taiwan’s migration policy and what we discovered was that it was historically led by the increase in foreign brides and low-skilled immigrants. One of the migration policies in Taiwan is that the maximum stay has been extended from three years to six and then to nine years. This leads to

Canada: Labor markets effects on immigration

In the ’90s, the Canadian government introduced regulations and policies that altered people’s skill composition entering the country. Simultaneously, the government significantly increased the level of immigration by expanding the Temporary Foreign Worker (TFW) program and immigrant entry. These policy changes focused on admitting applicants with the skills to shift the labor market while addressing

Is the impact of immigrants in France negative or positive?

Immigrants bring many useful skills to any labor market or work force. In 2016, immigrants contributed $2 trillion to the US GDP and tax revenue. This is by far no small feat and has definitely been a positive impact on the US economy. In the same year, immigrants and legal foreign workers contributed $31.8 billion

Ireland’s Labor Market

Ireland’s labor market is currently doing good, all things considered. According to a website called Expat.com, Ireland’s the unemployment rate was at 4.8%, which is a fantastic change to see compared to the 10.73% rate between 1983 and 2019. This makes sense since even though the economy took a turn for the worst during the

Plugging the Brain Drain: How U.S. Migration Policy May Correct India’s Labor Market Failures

Well, this is it everyone; our final week together discussing International Economics. We have had a crazy fall together, weathering stay-at-home orders and online schooling, all while learning about everything from comparative advantage to migration. This week we will be concluding our time together with a discussion of LABOR MARKETS and BRAIN DRAIN. Before we

Brain Drain in Russia

The Russian Federation is experiencing a Brain Drain in the fact that important people in critical sectors are leaving for various circumstances. Looking into the Brain Drain of Russia, According to the Institute of Modern Russia, the “best” of Russia are emigrating to Western European and American countries. Most of these individuals are middle and

Iceland Labor Market

First of all Iceland sounds like a fantastic place to work here are a few fast facts about the labor force in iceland: They have ranked number one in gender equality for the past 10 years They have 87% labor force participation (90% for men, 85% for women) Average work week is 43 hours –

Costa Rica’s Brain Drain

A brain drain is the emigration of individuals to countries that provide a better quality of life, higher pay rates, and the ability to work in better conditions. This phenomenon usually occurs in developing countries, often with political instability who typically send most migrants to areas with quality-selective immigration programs. Costa Rica has one of the

Immigration to South Korea has been helpful to South Korea’s Labor Market

A Need of low skilled workers South Korea has identified its increase in immigration and have decided to use this trend to benefit their labor market. This was able to be done through filtering immigration to obtain low skilled workers. As I have mentioned in a previous post, South Korea by placing restrictions and strict

Emigration Labor Markets Effects on Honduras

Emigration can have both positive and negative effects on labor markets. However, how emigration from Honduras will affect the labor market depends on who you are looking at in terms of gender and location. Emigration from Honduras has actually had a positive effect on the labor market for womxn! And I’ll explain why. Since the

Mexican Emigration

Two of the most important ways that emigration has influenced development in Mexico is through labor markets and remittances. On average, Mexican immigrants originate from the young, less-educated, and less wealthy segment of the population in Mexico. This, for the most part, has resulted in the assumption that low-skilled worker emigration from Mexico could be

New Zealand Skilled Immigrants and their Impact on Native New Zealand Workers

As I have mentioned in a previous post, New Zealand has long been competing with countries like Canada, Australia, and the U.S. for skilled migrants. The need for skilled migrants arises from industry specific worker shortages, meaning that no qualified New Zealand worker can be found for a specific position, therefore resulting in the need

Immigration and the Labor Market in Ghana

In 2010, the immigrant population in Ghana was 399,471, which is 1.6% of the population. Similarly, their share of employment was 1.6% and they contributed to 1.5% of GDP. Because immigrants make up such a small percentage of the population, they do not have much influence over the labor force market in Ghana. However, this

Chile’s Opportunity Attraction Increases Migrants

Chile is one of the countries that have received the largest number of foreigners. In 2015, there were mass immigrants from Venezuela and Haiti. Chile places as the first and third largest migrant bodies, according to the National Statistics Institute in 2018. Chile’s relative economic & political stability may be a possible influence on migratory

Ferrero Rocher’s Hazelnuts Harvested by Turkey’s Children

Turkey grows over 70% of the world’s hazelnuts. Harvesting hazelnuts is a labor-intensive task primarily performed by seasonal agricultural workers. Children are often partaking in the hazelnut harvest because of work-related family migration, poverty, and inadequate housing. Children are being exploited in the hazelnut harvest because of ineffective labor enforcement and lack of employment alternatives

Norway’s Emigration

I wanted to learn more about Norway’s emigrate stats because before I never would have guessed that Norwegian citizens would want to leave the country permanently. According to statista in this past year ( 2019) a total of 26,828 people chose to emigrate from Norway. Now, this number has always fluctuated, however what surprised me

Turkey’s Comparative Advantages

Global trade allows countries to expand their access to goods and services and allows countries to use their resources more efficiently. Countries have different assets and resources that allow them to produce the same good in a better cost-effective manner.  When a country can produce a specific good or service at a lower opportunity cost

Trade with Turkey

Turkey is one of the top travel destinations in the world. Beautiful beaches, friendly people, amazing food, and archaeological wonders are just some of the reasons why Turkey has gained a comparative advantage in travel and tourism compared to countries without those resources. When a country can produce a good at a lower opportunity cost

United States Embassy in Egypt

Looking into Egypt’s general policies for emigration from Egypt, there were many put into to place over many years. These different policies included many aspects of concentration such as the Law Number 111 of 1983. This law talks about temporary employment abroad, dual citizenship and also about the exemption of taxation in Egypt for permeant

Egypt’s Migration

Looking at a common trend of Egypt’s migration trends, the most one we can see if the number of emigrants is higher than its immigrants. This can be logically understood and anticipated due to Egypt’s high unemployment rate known of across a wide age range and also, it is yet developing and growing economy. In

One of Egypt’s Trade Agreements

The Agadir Agreement Countries Involved & What It Is… With the Agadir Agreement, it was arranged with four Middle Eastern countries which are: Jordan, Tunisia, Egypt and Morocco. It was launched in Morocco in May of 2001 as The Agadir Declaration. This agreement is to establish a free trade zone between those four countries. It

Refugee Policy in Brazil

Political Aspects of Refugee Policy Catholic institutions and NGOs have been impactful in the advancement of refugee policy in Brazil. With a large immigrant population, Brazil has been more tolerant towards that population. The government is not as passionate about immigrant and refugee policy, but other organizations push for legislation to pass. “In a 2015

South Korea Immigration Policies: Foreign Workers Only

Overlook on Immigration Policies in South Korea South korea’s immigration policies as a whole as mentioned in previous post. South korea’s immigration policies focuses on protecting their ethnic homogeneity. A new focus on immigration policies is to implement policies that would help South korean economy. South Korea’s low birth rates with an aging population puts

Immigrants in Belgium During COVID

In 2019, 27,742 people applied for refugee status in Belgium. This year, the world was rocked with the coronavirus pandemic. When Belgium went into lockdown in the middle of March, as a result of COVID, Belgian authorities emptied half of the country’s migrant detention centers to “help prevent the spread of the virus”, consequently leaving

Ireland’s Migration Policies

Even though Ireland is a good place to migrate for job opportunities and a better life for some people, it doesn’t currently have a whole lot of people coming in from other places. According to the Migration Policy Institute, only 3.9 people per 1,000 people are migrants, and many people born in Ireland migrated out

France’s Migration Policies

There are many UB embassies in France, like one in Paris, the capital. US citizens are allowed to visit France and visit the US embassies there under certain circumstances, but some people decide to permanently move there for their beautiful sights and culture. As France is a country that allows dual citizenship, many people take

New Zealand: Attracting Skilled Migrants

New Zealand recognizes that a skilled labor force is critical to improving productivity and has therefore been competing internationally for skilled migrants since the 1900’s. In an attempt to be more competitive New Zealand offers a broad variety of visas for skilled migrants who can then apply for a resident visa under the Skilled Migrant

The Netherland’s Migration Policies

The Netherlands has relatively open borders, and is open to many different migration options for people who want to reside in the country. Because they are part of the European Union, any national citizen of a European Union country may live in The Netherlands without a visa or residence permit. This also applies to citizens

Iceland Migration Policy

The US embassy in Iceland is located in its capital city of Reykjavik, it is Iceland’s largest city with a population of about 123,000 people – roughly half the size of St. Paul. US citizens can visit Iceland for up to 90 days without a visa. If you would like to become a citizen of

Migration Policies in Mexico

U.S-Mexico Agreement The Mexican and U.S. governments signed an agreement to work together to manage the migration of Central American asylum seekers and other migrants. This was on June 7, 2019 due to an increase of Central American migration through Mexico to the United States. This lead the way to an intense period of policy

When the Tides Change: Immigration to Outsourcing

Happy post-election week, folks! Now that the world has calmed down a bit, it is time to once again focus on International Economics. This week we are going to discuss MIGRATION POLICY.

Taiwan and Women: Week 9 Migration Policy

When the number of migrant workers have increased for women

Norway’s Immigration Policy

Norway has always had a history of accepting immigrant and allowing all people to become perminant residence in there country, and enriching Norway’s cities. The graph above shows the average number of immigrants Norway accepts per year. As of 2019, Norway accepted 52,153, now granted the United State Naturalized 20.7 million in 2017, but keep

Chile’s Migration Policy

Chile has developed as a socially and culturally insular country that unaccustomed to the presence of large numbers of foreigners. Chile desires the population of immigrants because they want to “improve the race,” mainly white Europeans to populate the country. Chile is most known to be an immigrant-sending country because of its history of many

Russia’s Migration Policy Concept: 2019-2025

Russia is lacking immigrants, more diverse demographics, and a developed eastern area. In order to increase immigration into the former Soviet nation, President Vladimir Putin signed the executive order “Migration Policy Concept 2019-2025.” Under the State Migration Policy Concept 2019-2025, Russia is creating conditions that would enable ethnic Russians and foreigners to move to Russia

Ghana and Nigeria’s Immigration History

In the mid-nineteenth century Ghana’s economic prosperity created a pull factor for thousands of immigrants, mostly from Nigeria. By 1960 the number of Nigerians living in Ghana was 191,802 or 12.3% of the population. Many were second and third generation immigrants by this time. During the 1960s, Ghana’s economy slowed and the blame was placed

Honduras’ Asylum Cooperative Agreement

The U.S. embassy in Honduras is in Tegucigalpa–the capital. On September 25th of 2019, Honduras signed the Asylum Cooperative Agreement. They were the last ones to sign this agreement that would make them one of the three countries of the Northern Triangle to accept asylum seekers that are being redirected from the United States. In

90 days in Costa Rica

In Costa Rica, it isn’t very often that people apply for residency because of how lenient the government is on immigration policies. A person can stay in the country for 90 days before having to exit for at least 72 hours when they can reenter. US citizens do not need a an entry visa, however,

Spain’s and Vehicles

Spain has been trying to rebuild their economy by diversifying the products they can manufacture, produce and export. One of the most significant sectors they have grown in has been in machinery manufacturing https://atlas.cid.harvard.edu/countries/71/market-share. Spain’s exported goods totaled $189.4 billion during the first 8 months of 2020 In macroeconomic terms, Spain’s total exported goods represent

Spain and Immigration

One of the biggest immigrators to Spain have been from Columbia. Spain and Columbia have a bilateral trade agreement that allows for the citizens to move between the two countries in hopes of better employment, eduction, and business opportunities. There are people from 113 countries that migrant to Spain and people in Spain leave to

Migration trend in Canada

Migration to Canada has increased over the recent decades. Canada is known for their open migration policies. Canada has recieved more immigrants than other countries in the west. Canada admits more than 250,000 permanent residents per year since the 1980’s. Since 2000, as the number of new permanent residents steadily increased, naturalizations has drastically decreased.

Migration Trends in Russia

The total number of international migrants in 2019 was 11.6 million people, with the largest population of migrants being women making, making up 50.9% of the migrant population. The three largest countries that immigrate to the Russian Federation is Ukraine, Kazakhstan, and Uzbekistan. Forced migration to Russia includes refugees, asylum seekers, and resettlements. Russia is

Taiwan and East Asia: Week 8 Migration

Taiwan Migration

Migration to the UK

From 2005-2017, the proportion of people emigrating to the United Kingdom averaged out to an even amount of about 450,000 people, peaking in 2017 at 520,000. Their three biggest immigrant populations as of 2019 are Polish, Pakistani, and Indian. The UK has a pretty equal number of migrants by gender, with 52% of its migrants

The Netherlands’s Migration Patterns

The Netherlands’ inbound migration levels have been steady over the last 30 years, with the percentage of international migrants in the total population rising from 8% in 1990 to 13% in 2019. As part of the world’s migration patterns, The Netherlands inbound migration level stays at 1% of the population through all recorded years. One

Migration Patterns in France

As one of the biggest tourist destinations in Europe, France is seen as a stop and shop country. In the current day, many people visit France for their food, wine, and national attractions. Despite France being a big vacation spot, it still is a very popular choice when it comes to immigration. In as early

Examining the Underdog: A Look at Belgium’s Migration Patterns

Belgium is often overlooked when it comes to immigration, due to its size and lesser known immigration history. However, in the past three decades, Belgium has grown to become a permanent country for various types of migrants. As of mid 2019, Belgium fosters 2 million international migrants. Of these, 50.6% are female migrants. In terms

Ireland and Migration

Many people think that Ireland is just simply a country in Europe that doesn’t get a whole lot of attention when the subject of immigration/migration comes up. The first counties that come to mind are France, the United Kingdom, and Germany. But Ireland has an illustrious history of immigration and migration. From the dark years

Migration in Brazil

Migration Stats In 2019, Brazil had a total of 807,000 migrants in the country. The net migration from 2014 to 2019, which is immigration minus emigration, was 106,000 people. The share of migrants that were 19 years old and younger residing in Brazil in 2019 was 15.9 percent and the share of migrants 65 years

Migration Trends in Nigeria

In 2013 Nigeria had 945,600 migrants enter the country and a little over 1 million people leave the country mainly traveling to the United States and Sudan. While this isn’t a major difference, we still are able to see that more people are leaving the country rather than entering. From looking at Nigeria’s profile on

Mexican Migration

In 2018, Mexico was considered to be a country of destination, return, and transit. This was primarily due to political unrest and violence in Central America at the time, heavy handed immigration enforcement in the US and increased development in Mexico. During this time, millions of Mexican migrants returned from the United States, and Central

Iceland Migration: a Little Country Making Big Waves

Iceland migration is a pretty new phenomena! Iceland was once one of the poorest countries in Europe and over the past couple decades their economy has been booming and they are now considered one of the richest. This along with a recent boost in tourism has immigrating to Iceland more and more popular! Icelanders themselves

Chile’s Settlements

Chile is a very active country. More than one million people have migrated to Chile since 2014; there is a foreign-born population of 1.5 million people. This implies that it is a very wealthy Latin American nation. With the pandemic going on right now, there has been a decrease of population due to the loss

Plotting India’s Migration Trends

Somehow, after a really long year, we have made it all the way to November folks! This week we change the pace a bit and spend our remaining time together discussing MIGRATION. Today we begin by discussing migration patterns and trends.

Migration in Switzerland

As of mid year 2019, there were a total of 2.6 million international migrants in Switzerland, compared to the 680 thousand emigrants. https://migrationdataportal.org/?i=stock_abs_origin&t=2019&rm49=150&cm49=756 When comparing these statistics to previous years, we see a substantial increase for both immigration and emigration. Compared to 2013, there was a total of 160.2 thousand immigrants who came to Switzerland and

New Zealand and Migration

New Zealand is a small country with population of about 5 million people and a population growth rate of about 1.44%. While New Zealand’s population is small it is highly diverse and is often referred to as a “country of immigrants” with a net migration rate of 11.4 per 1,000 people in June of 2019.

Honduras & Migration Trends

By the middle of 2019, there was 38.9 thousand international immigrants in Honduras. Compared to 2013, there are has been an increase of 11,397 immigrants. Female migrants made up almost half (47.5%) of all them. It is important to point out the drastic difference between international immigrants (38.9k) and international emigration (800.7k). Additionally, emigration from

The Distribution, Restriction, Changes and Consistency of Migration to South Korea

From Just Seoul to All of South Korea South korea’s main attraction has been the city of seoul. Seoul has been the place immigrants located to for years. But there has been a gradual distribution of immigrant locating beyond Seoul. This is an indicator of two things: South Korea is now attracting migration that involves

Costa Rica: A Haven for Migrants

In the last 25 years, the amount of migrants who immigrated to Costa Rica has increased. The number in 1990 was 209,369, and this rose to 405,636 in 2013. In recent years, this influx of migrants is 10,000+ persons from South America, hoping to reach the United States; many are Africans, Southeast Asians, or the Caribbean. It

Ghana’s Migration

From 1990-2013, the migrant flow in Ghana remained mostly steady in proportion to the population. Both emigration and immigration in Ghana over that time period was <1% of the worldwide proportion of migrants. A minuscule number worldwide, but impactful to the small country of Ghana. Ghana emigrants are primarily opportunity seekers and migrate to 77

Chile – Tariffs

Chile has a very good relationship with the U.S. They are economic trading partners that have entered the Free Trade Agreement. What is that? The Free Trade Agreement means that there is no need for tariffs, also known as duty-free. Other than the U.S., Chile applies a uniform of 6% tariff. After this agreement, 90%

Nigeria: African Continental Free Trade Agreement

What the Agreement Aims to Achieve Currently the continent of Africa has the lowest level of regional trade in the world. The African Continental Free Trade Agreement is a multilateral trade agreement created to increase the level of Intra-African trade, promote industrial development, and liberalize trade and the movement of people between African countries. If

Taiwan’s South American Relationship: Week 7 Trade Agreements

Get to know about the relationship between Honduras and El Salvador with Taiwan

Irelands and their Trade Agreements with Other Countries

Ireland has been a part of the WTO since January 1st, 1995. Since joining, it has created it’s own trade agreements with other countries, even with other countries outside of the E.U. Some of Ireland’s Agreements Some of the countries Ireland has made trade agreements with are: The E.U. – Canada Agreement The E.U. –

The Netherlands Trade Agreements

The Netherlands joined the World Trade Organization in 1995, and had been in the GATT (General Agreements in Tariffs and Trade) since 1948. Since The Netherlands is part of the European Union, many of the country’s trade agreements are in alignment with the European Union trade standards. Regional Trade Agreements: Goods and Services EU –

France-US Wine Trade War

Trade War Disagreements in 2019 Per my previous post, France and the US have a disagreement on the tariffs for wine importing to their respective countries and markets. Scaling out of wine, France and the US seem to have an on going trade war imposing tariffs on many goods and products from various European countries,

Mercosur and Brazil

This blog post will explain: What is Mercosur? Who is a part of Mercosur? What are the benefits of Mercosur? What is the status of Mercosur in 2020? What is Mercosur? What is it also called? Mercosur is a regional trade agreement in South America, which is also known as the Southern Common Market. How

Mexico: Agreement with “Developing” Countries

Looking back In previous blog posts, I have mainly established connections between Mexico and the United States or Canada. This has been due to these countries being border neighbors, as well as having major trade agreements, like NAFTA which is has been renegotiated as the USMCA. Not to mention, the large percentage of import and

Honduras & Regional Trade Agreements

Since 1995, Honduras has been a part of the WTO . Since then, Honduras has made several regional trade agreements with countries from all over the world. Regional Trade Agreements Goods and Services Many of Honduras’ regional trade agreements are for goods and services, such as: The El Salvador – Honduras – Chinese Taipei agreement

The UK-Japan Agreement

Two days ago, Japan and the UK signed a new trade agreement. This agreement removed almost all of the tariffs that Japan had against the UK, and the tariff on Japanese cars is also disappearing. The big takeaways from this agreement are: An increase in trade between the countries by £15 billion It will take

When Foreign Policy and Trade Collide

Happy Sunday to all my fellow fans of International Economics. Today we are going wrap up our discussions on trade with a brief overview of India’s Trade Agreements.

Belgium and Trade Agreements

Year to year, foreign trade accounts have made up about 70% of Belgium’s economy. This makes Belgium particularly sensitive to any interruptions with global trade. Belgium’s main trading partners are the EU, but have bilateral trade agreements with at least 29 other nations. Goods from nations outside the EU have import duties and a value

New Zealand Trade Agreements

New Zealand and Trade Liberalization As I discussed in last weeks blog post, New Zealand is a country that is extremely interested in trade liberalization. New Zealand has been a part of the World Trade Organization (WTO) since January 1995 and a part of the General Agreement on Tariffs and Trade (GATT) since July 1948,

Norway Trade Agreement with U.K

Norway has finally made a trade deal with the U.K; one of Norway’s top trading countries to ” ensure the trade of goods can continue between the two nations in case the no deal Brexit happens on Dec 31. The trade deal is temporary and will start on January 1st and last a couple of

Russian Trade Agreements

The Russian Federation joined the World Trade Organization in August 2012. Since then, Russia has increased trade deals, decreased tariffs, and has solved 16 trade dispute cases with Ukraine, United States, and the European Union. There are 11 trade agreements within the WTO that the Federation is apart of. One of which is with the

Ghana: Economic Community of West African States

Regional Trade Agreement Ghana is a member state of the Economic Community of West African States (ECOWAS). Established in 1975, the ECOWAS is comprised of 15 member states: BENIN BURKINA FASO CABO VERDE CÔTE D’IVOIRE The GAMBIA GHANA GUINEA GUINEA BISSAU LIBERIA MALI NIGER NIGERIA SENEGAL SIERRA LEONE TOGO Collaboration The purpose of the agreement

South Korea’s Trade Agreement with its Largest Trade Partner

In the Previous Post  We have discussed South Korea establishing a trade agreement with its second largest trade partner the US. I have also pointed out the benefits of this such as: Duty free trade and the most recent benefit to Korea was being exempt from the steel tariff implemented by the US.  The Big

GENERAL TREATY ON CENTRAL AMERICAN ECONOMIC INTEGRATION

Background Information Entered into force in 1961, Guatemala, Nicaragua, Costa Rica, Honduras, and El Salvador, created the General Treaty on Central American Economic Integration; it was later amended in 1993 by the Guatemala Protocol. Type of agreement Create a free-trade area and a customs union concerning the five countries entered in the treaty, an entirely operated common

Back to Egyptian Cotton & Tariffs

Egypt is known for its high quality of cotton around the world. The assumption that the tariffs on such a high demanded product, would be high is false. Shockingly, tariffs on Egyptian Cotton rank from about 0-10%. Egypt imposes 0% of tariffs on raw cotton and about 5% on combed cotton and about 10% on

France’s Tariff on Wine

As one of the largest wine producers across the globe, of course France imposes a tariff on their specialty wine. This is a way for the French government to make money on sell and receiving wine to and from other countries, but it has also caused quite a stir in other countries for them. In

Tariffs in Brazil

Tariffs are a tax on imports or exports of a country. The three main taxes on imports in Brazil are the import duty tax, industrialized product tax, and the merchandise and service circulation tax. The import duty- a tax that is required by the country on imports to the country. In Brazil specifically, it ranges