Advantages Of Intra Regional Trade

One of the main ‘flows’ on transport, are goods (food, objects) that will be traded with other countries. The main improvement that has taken place in recent times is the creation of the freight transport, containerization. These containers can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another—container

The exchange of goods and services between international borders or territories is known as international trade. It allows countries to use excess resources, if the resource can be produced more efficiently then it can be sold cheaply. If a country lacks access to certain resources they can obtain that resource through the aid of international trade.

Since the 20th century, people have become globalization in their social life. The actions of people and the view of the city are almost the same with other countries. Globalization is not the fashionable word in the world, it is an important word of human economics. There have some economic professions said it could be dangerous of the transaction in different countries, such as global economic crisis. However, globalization has some positive points that it makes people’s lives become better. Even though it has some negative effects on the human such as air pollution, but it also has many positive effects. Nowadays, not only the government, but also people are enjoying globalization in economics, immigration, and knowledge.

The newfound access to previously hard to get goods shows how the Triangular Trade positively impacted the continents because they now had goods that no one in their country easily obtained before, and could use the new goods to sell and make even more of a profit, benefiting each continent. The uniting of the colonies and their leaders was a positive impact as a result of the trade because the united colonies were now stronger and could work together with the British to increase profits and make the colonies prosper, and it also gave the British increased control over the colonies. Also, the growth of colonial cities positively affected North America because they now had cities to be centers of trade. Since these cities were now trade centers,

This case provide a idea that people must change perception, which is consumers are not the whole components of movement of goods, but the movement of goods and merchandise essential to life and economic vitality. It breaks limit of scope to discuss present threat of cargo supply chain, sources of cargo terrorists and thieves, solutions and challenges for both short term and long term from private and public sectors.

The population of the Asia region of the world contributes a massive amount of exporting goods, and global business as a whole. The sheer number of people consuming goods that must be imported to support the large population force the need for trade with other regions. The demand for resources is high and the need to develop strong trade relations with other countries is vital to the continued growth and success of Asian countries.

Thank you so much for a great post! I think you did a great job emphasizing the benefits of trade as well as the negative impact on business and the economy in a lot of nations if the trade was suddenly cut off.

A regional trading bloc is an intergovernmental agreement or treaty among a group of countries, acting together for a common purpose of removing or reducing trade barriers of trading between the participating nations. It is a form of economic integration, creating high level of globalization and regionalisation. Economic integration is the integration of economies on different aspects of trade and thus, reduction of its barriers among the countries. World trade is being shaped by economic integration, whose level defines the degree and nature of economic relationship among countries.

Containerization is a system of freight transport that transports trade goods from ports to ports. This system is based on a range of steel intermodal containers (also "shipping containers").These containers are built to standardized dimensions and can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another. Thus, it provided an economic way to ship 90% of the world trade goods across the globe and as a result has benefited society in providing for a truly open market to buy and sell goods. Cebu is home to national and international corporations whose trading hub is centered in the international port (cargo

Being the world 's largest economy, the United States is also largest exporter and importer of goods and services. American economic growth relies heavily on trade. According to a recent report on NAFTA, “Since 1992, nearly 20 million new jobs have been created in the U.S., in part due to the 1994 NAFTA agreement. Total trade between the NAFTA partners -- the U.S., Canada, and Mexico -- rose from $293 billion in 1993 to more than $475 billion in 1997, and has increased since. ” (Bowman, Free Trade). It is obvious evidence that international trade is beneficial to the US economy, at least in the 1990s.

One of the biggest firms associated with globalization is the World Trade Organization. The World Trade Organization is the only international body that deals with the rules of trading between nations. It has evolved over the past half century into an entity that contract with the trade of services, intellectual property as well as its original intent of the trade of goods. The WTO controls most trade in the world today through over 100 countries, and even more on the way. The World Trade Organization is beneficial economically and we should support its principles.

Reefer box, as known as refrigerated container, is listed in the Hanjin’ potential products list. Since reefer boxes are limited and demand for it is escalated from EU to Asia, reefer boxes are promoted inbound in Asia to export boxes to Europe. As a result, Hanjin can maximize EQ-equipment turnover. Some ports in Europe, such as Felixtowe in Great Britain, have a surplus of reefer boxes, thus the company can adjust the rate higher in order to limit the trade into such area while surplus areas, such as Barcelona in Spain, are offered a reasonable low rate to give Asia-Europe service promotions. Afterwards, the company gets higher contribution margin derives from Europe-Asia trade. Another way Hanjin reinforces its core business globally is promoting “shipper owned container”, “SOC” for short, in the area where boxes are deficit to save on empty repositioning cost. In surplus areas, Hanjin tries to be flexible with its rates to clear out the boxes and send them to other areas with high demand. The rates can be adjusted from lower to higher accordingly. Hanjin Shipping, additionally, has a service diversification to Africa as NAF-North Africa-Asia, WAF-West Africa, EAF-East Africa, SAF-South Africa lines are added. Before cargos are

”Free trade policies have created a level of competition in today's open market that engenders continual innovation and leads to better products, better-paying jobs, new markets, and increased savings and investment” (Denise Froning). Though Free trade plays a huge role in the economy today because of what and where it is used. Free trade allows for traders to trade across national boundaries and other countries without government interference. Meaning that traders have very few regulations that allow for them to do this without the government intervening. Free trade makes things for traders much easier and also allows for many more jobs in the US, such as exporting jobs, or jobs in the auto industry and plants. Though there are many

According to Waters (2010) water transport has not been used to it’s full potential therefore there has been a decline in sea transport, this is due to the lack of proper terminals. But according to Harrison & Fichtinger (2013) containerised ocean transport has become the lifeline of nearly all global supply chain, because of the increased amount of global processes, outsourcing and offshoring. Mason & Nair (2013) states that today, there are more than 80% of world trade by sea, such as raw materials and manufacturing outputs are carried inter-regionally around the globe.

The idea of founding an international organization to develop and co-ordinate international trade was put forward in 1944 at a conference on economic matters held in Bretton Woods, New- Hampshire, but the details were left for later. After the founding of the United Nations in 1945, multilateral trade negotiations were conducted within the framework of the United Nations. Economic and Social Council adopted in 1946 a resolution in favour of forming an International Trade Organisation (I.T.O). One of the major problems faced by Governments of nations all over the world is the protection of their domestic industry from the competition of the foreign manufactures. To meet the challenge and to protect domestic industry, governments use two devises