...Situation The United States-South Korea Free Trade Agreement (KORUS FTA) is a trade agreement between U.S. and South Korea. Signed on June 30, 2007 by President George W. Bush still has to be approved by Congress. This Free Trade Agreement would be the largest for South Korea and the second largest for US, after the NAFTA. As the fourteenth largest economy of the world, South Korea is the seventh largest trading partner of the United States. An agreement was reached in which it was concluded that an FTA between both countries would increase the investments industry and bilateral trade. In the proposed FTA issues like trade, investments, autos, agricultures, and financial services were included. However, there has been some dispute over the KORUS FTA (mainly about the auto and agricultural industry), which hasn’t allowed it to be finalized. U.S. debates about the non-tariffs impact South Korea can impose on the beef and automobile industry. Recommendations: In order for the KORUS FTA to be eligible for approval and both parties can be benefit from economic growth, an alliance, and stability, some changes need to be done. This review recommends approval to change the following key point of the agreement: • Auto industry: 1. The United States should ensure the complete or mostly elimination of South Korea’s non-tariff barriers that are created without input from foreign automakers and forced without warning. For example, the license plate size, keyless entry systems...
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...Sydney, 28th of April of 2011. Implement International Relationship Strategies Prof.: Marcus Bear Beef Market – Brazil x US . Juliano Goulart Cezar jgcezar@hotmail.com Summary: Title Page 1. Introduction …………………………………………………………………………………………………………………. 3 2. WORLD ………………………………………………………………………………………………………………………… 4 3.1. Overview of Global Market ………………………………………………………………………………………….. 4 3.2. Mundial Herd, a brief report ………………………………………………………………………………………… 4 Table 1: World - cattle, major countries (million head) ………………………………………………………… 4 Table 2: Global Beef Production (thousand ton) …………………………………………………………………. 4 3.3. Export world beef and veal consumption and leading exporters. ………………………………… 5 Table 3: World - Exports of beef and veal, main countries (Thousand tones carcass equivalent) …………………………………………………………………………………… 5 3. BRAZIL ………………………………………………………………………………………………………………………….. 5 3.1. Cultural Facts – Brazil and the tradition od eating beef …………………………………………………5 3.2. Emerging Global Role …………………………………………………………………………………………………… 6 3.3. Foreign and Trade Policy ……………………………………………………………………………………………… 6 3.4. Brazilian Beef Market …………………………………………………………………………………………………… 6 Table 4: Data on the Brazilian Beef Market …………………………………………………………………………. 6 3.5. Brazilian Beef System …………………………………………………………………………………………………… 7 3.6.1. Subsystem for Support ………………………………………………………………………………………….. 7 ...
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...States and South Korea trade agreement In nation trade each trading partner has something to gain, such as access to more goods , services and lower prices. The United States and South Korea established the world’s largest bilateral trade agreement. The proposed deal reduced tariffs on about 90 percent of product categories prior to the agreement. Trade deals require all parties to make concessions, which united state and South Korea did. Asian nation was the third-largest market for U. S. beef exports. But American beef exports plunged after an outbreak of mad-cow disease in 2003 which scared the Asian nations. In the spring of 2008, a few weeks after taking office, President Lee Myung-bak decided to lift a ban on U.S. beef in return to the United States agreed to exclude South Korea’s rice industry from the trade agreement. Rice represents about half of South Korea’s agricultural output a high import tariff means that local rice farmers can charge For U.S. President George W. Bush, the trade pact with South Korea was an important political victory. Suspicion and doubt about trade and globalization was growing among congressional democrats. Proposed trade pacts with Colombia and Panama had been given a cool reception. Although the accord with South Korea was concluded in April 2007, it still had to be ratified by lawmakers in both countries. In 2009, a South Korean parliamentary committee approved the (free trade area) FTA; however, it...
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...Indonesia Eases Quotas on Beef From Australia Published: May 28, 2013 Retrieved from: http://www.nytimes.com/2013/05/29/business/global/indonesia-eases-quotas-on-beeffrom-australia.html?_r=0 SYDNEY — The Australian beef industry will be able to increase sales to Indonesia, one of its biggest markets, after Jakarta relaxed restrictions on some imports to hold down local beef prices and prevent supply shortages under a policy aimed at increasing self-sufficiency. Indonesia has agreed to exempt ―premium‖ Australian beef imports from quotas, Trade Minister Craig Emerson of Australia said Tuesday. It will also allow live cattle exporters to start filling quotas intended for the final six months of the year ahead of schedule. Australia is among the world’s biggest beef exporters and has relied heavily on Indonesian demand, but the tightening of quotas by what was its largest live cattle market in 2012 and 2013 hurt the industry. Indonesia cut its 2012 import quotas for live cattle more than a third and for beef nearly two-thirds, while 2013 quotas were cut another 30 percent for cattle and 6 percent for beef, as Jakarta sought to promote its domestic beef market. Australian beef cattle prices have recovered slightly in the past week, with the Eastern Young Cattle Indicator, a benchmark, rising 2 cents Monday to 2.96 Australian dollars, or $2.86, per kilogram, or 2.2 pounds, although prices remain 20 percent lower than a year ago. ―Today’s decision means that those farmers that have...
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...revenue? * What does AAC produce and how does it conduct its operations? * Who are its primary competitors and what is AAC’s market share? * Which particular regulations affect its operations? Revenue Principal sources of revenue from Finished & Store cattle sales which made up 50% of its revenue in 2012, this is equivalent to $236,812,000. page 94. Meat sales is the second largest source as it reaped $140,376 in revenue in 2012. Out of beef sales, Wagyu beef makes up 62% of total sales revenue from beef. North Asia is the biggest importer of this company’s product, purchasing 43% of produce and this is closely followed by Australia Pacific which takes 25%. Operations and Produce They produce different types of cattles which yield revenue from various uses. Their cattle produce consists of Grassed Finished, Grain Finished (non Wagyu), Wagyu, Breeder & Feeder and Live Export. Operations: - Herd Developments - Breeding Herds and Genetics - Live Exports - Meat processing facility - Beef Groups sales to restaurants, hotels, airlines and supermarkets. - Cropping (like wool) Farming Operations Farming yields continued to perform and farmgate prices were within budget expectation. The table below sets out the areas harvested, yields and farmgate prices. Summer Crops Cotton suffered...
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...provides quality cuts of steaks to some of the most famous U.S. steakhouses at the best prices around. The National Trading Guild will be starting an export business, providing various types of steaks to include; T-Bones, Filet Mignon, Ribeye and New York Strips with the options of some of these cuts being organic. The Market in Copenhagen, Denmark will be a great place to start an export business providing steaks, as the Danish culture consumes a lot of meat and potatoes. Beef produced in the United States is known for its taste and tenderness. In Copenhagen, steak is a popular choice recommended by physical trainers for women who are working out as opposed to eating carbs. In addition, Copenhagen, Denmark is steady growing in the restaurant industry more specifically with steak houses and specialty markets but very few American style cuts. The National Trading Guild is diverse by having grain fed American beef; grass fed American beef and corn fed American beef. The Steaks marketed by The National Trade Guild will be United States Department of Agriculture (USDA) certified, and inspected by the Food Safety and...
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...market variables and their order of importance, I would rank them accordingly: 1. Legal/Ease of import of U.S. beef 2. Population/high urbanization rates 3. Beef eaters 4. High disposable income 5. Eating out habits 6. Affinity for U.S. brands However, some variables are given higher priorities over others when that may be unnecessary. I would re-order the market selection criteria with the most important variable being ease of import, then beef eaters, affinity for U.S. brands (if there is data), high disposable income, population/urbanization and lastly, customer dining habits. If Ruth’s Chris is unwilling to order beef from any other location, then the ease of imports should be the most important variable to consider when analyzing expansion. This variable is easy to measure and quickly eliminates countries that have trade restrictions on U.S. beef. While Hannah mentions that Australian beef could act as a sufficient substitute, the company would be compromising its value proposition and brand by importing Australian beef. Once those prospects have been eliminated, the company should consider per capita beef consumption. If India did not have any barriers to trade, Ruth’s Chris would still not consider expansion because the cow is sacred to the Indian culture and so, the people do not eat beef. If a prospective market meets the trade and beef consumption criteria, Hannah should try to find data on the affinity for U.S. brands. Russia may have a potential...
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...of the Comprehensive Economic Trade Agreement (CETA) and the Free Trade Agreement (FTA), Canada and the European Union have established an agreement that will further help the trade deals and investment ties between Canada and the European Union. Opening up the trade with CETA will eliminate 98% tariffs between both countries. This means Canada and the European Union will be able to import and export goods to each other at a more frequent and cheaper rate as well as opening up the market for more sales/trade opportunities. This deal will supposable outdo the North American Free Trade agreement that involved Canada, the United States and Mexico if approved by the European Union Parliament. In the article “Canada, EU agree...
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...Introduction The main purpose of this report is to analyze the beef and wine markets in South Korea with two theories of consumer behavior as following, social classwhich include the income of different levels of class and their behavior toward beef and wine. In addition, in this report, the attitudes of consumer will also be taken into account as the main focus to evaluate the points of marketing strategy and how South Korean consumers buying behavior different from Australian. With social class and attitude these two aspects of consumer behavior can provide the Australian beef and wine markers the better information about their target market and to understand how they response to the importing products. Background The economy of South Korea is ranked eleventh in the world and third among Asian countries, thus unquestionably South Korea consumer has a certain buying power and might be a potential market for Australia. From Department of Environment and Primary Industries 2012, with a GDP of $1.46 trillion (USDA, 2011), the economy of South Korean was ranked 13th largest in the world in 2010. Approximately 6.1% economy inclined in 2010 and it brings per capital of buying power about $ 30,000 USD (CIA, 2011). The demand for the healthy products and with high quality food is increasing in South Korean market. Owing to the climatic reasons and the capacity of the land is limited in South Korea to expand the farms and wine vineyard thus Australia has been one of main exporter...
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...Trade in Hormone-Treated Beef Back in the 1970s, scientists discovered how to synthesize certain hormones and use them to accelerate the growth rate of livestock animals, reduce the fat content of meat, and increase milk production. Bovine somatotropin (BST), a growth hormone produced by cattle, was first synthesized by the biotechnology firm Genentech. Injections of BST could be used to supplement an animal’s own hormone production and increase its growth rate. These hormones soon became popular among farmers, who found that they could cut costs and help satisfy consumer demands for leaner meat. Although these hormones occurred naturally in animals, consumer groups in several countries soon raised concerns about the practice. They argued that the use of hormone supplements was unnatural and that the health consequences of consuming hormone-treated meat were unknown but might include hormonal irregularities and cancer. The European Union responded to these concerns in 1989 by banning the use of growthpromoting hormones in the production of livestock and the importation of hormone-treated meat. The ban was controversial because a reasonable consensus existed among scientists that the hormones posed no health risk. Although the EU banned hormone-treated meat, many other countries did not, including big meat-producing countries such as Australia, Canada, New Zealand, and the United States. The use of hormones soon became widespread in these countries. According to...
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...DARABIF MEAT COMPANY LIMITED INTERNATIONAL MARKETING PLAN: BRAZIL Table of Contents Executive Summary 3 1.0 Introduction 4 2.0 Background and Situational Analysis 4 2.1 Introduction of Product: 4 2.2 Description of product benefits and features: 5 2.3 Benefits of the product 6 2.4 Background of Brazil: 7 2.5 Motivation for Choosing this Product 8 3.0 Market Analysis 12 3.1 Environmental Analysis: 12 3.1.1 Economic and Trade Analysis: 12 3.1.2 Political and Legal conditions 13 3.1.3 Socio- Cultural Factors 13 3.2 SWOT Analysis 14 3.2.1 Strengths: 14 3.2.2 Weaknesses: 14 3.2.3 Opportunities: 14 3.2.4 Threats: 14 3.3 Market Segmentation 15 3.3.1 Target Market 15 4.0 Marketing mix Strategies 16 4.1 Global Entry Strategy 16 4.2 Product Strategy 16 4.3 Promotional Strategies 16 4.4 Distribution strategy 18 4.5 Pricing Strategy 18 4.5.1 Value- based pricing 18 5.0 Conclusion 19 References 20 Appendix 1: World Governance Indicator 24 Appendix 2: Brazil Exports Worldwide 25 Appendix 3: Growth Tracker 26 Appendix 4: Darabif Products 27 Appendix 5: Darabif Malaysia Promotion for Restaurant 30 * Executive Summary This paper seeks examine the demand gap of halal meat in Brazil where the Muslim population exists but with hardly any proper halal meat supplied. Thereby, enabling Darabif to carry out its operations in Brazil to serve and fill up that demand for proper halal meat. At the same...
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...1. Gross Domestic Product (GDP) of a country can be defined as the measurement of certain nation economy income and output for a given time period. The GDP of a country is equal to the total expenditure for all the final goods and services for the specific time period. The final goods refers to goods those are not reused to produce any other product. In simple words to sum up GDP measures the income and output of a certain country’s economy which were produced within the country. Nepal is the country which is a landlocked country which lies in the South East Asia. Nepal is one of the poorest and least developed countries in the world where one quarter of the population is living below the poverty line (Nepal Economy Profile 2014).According to the Annual report of Nepal (2013) the GDP estimated was total of 19.34 billion dollars which is calculated on the basis of the expenditure approach. The Annual Report of Nepal (2013) also depicts that the GDP is heavily dependent on the agriculture sector as it employs 70% populations of Nepal and has 37% worth composition where the major composition is held by service sector has it holds 50% and the rest is held by industry sector. The general calculation of the Nepal is basically done in expenditure approach which can be illustrated as follows: GDP=C+I+G+(X-M) Where, C=Household Consumption of Nepal I=Investment the private investment in Nepal G=Government of Nepal’s spending done for different activities X=Export of the Nepal...
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...that determine an individual’s actions, it also applies to business. Read more: http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-social-responsibility/what-are-business-ethics.html#ixzz3XSqGf1O6 Outline some ethical issues facing a business of your choice. The business I’ve chosen is Tesco. Tesco faces a protest from the trade union Unite over the treatment of migrant workers in its meat and poultry supply chain at its annual meeting in Glasgow today. Another issue Tesco faced is the horse meat scandal. Tesco said the horsemeat scandal had a "small but discernible impact" on frozen and chilled convenience food sales. Some Tesco Everyday Value Spaghetti Bolognese contains 60% horsemeat, DNA tests by the retailer have found. The meal, withdrawn from sale on Tuesday, came from the French factory producing Findus beef lasagne, also at the centre of a row over horsemeat. Meanwhile, Environment Secretary Owen Paterson has told MPs of plans to test all processed beef in the UK. Tesco Group technical director Tim Smith said: "The frozen Everyday Value Spaghetti Bolognese should contain only Irish beef from our approved suppliers. The source of the horsemeat is still under investigation by the relevant authorities. He also stated that "The level of contamination suggests that Comigel was not following the appropriate production process for our Tesco product and we will not take food from their facility again.” Sam smith also made a statement towards their...
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...Activists call for closure of No. 2 nuke power plant TAIPEI--Environmental groups staged a protest yesterday to urge the government to shut down the No. 2 nuclear power plant in northern Taiwan, citing concerns about the safety of the plant. The protesters gathered outside the Legislature, calling for the government to review the operations of the 30-year-old plant in Wanli, New Taipei City. They pointed out that in a routine safety check on March 16, the state-run Taiwan Power Co. (Taipower) found that one of 120 bolts that anchor the plant's No. 1 reactor to its concrete base had broken and six others had cracked. Taipower recently applied to resume operations of the No. 1 reactor after replacing some parts and carrying out other safety checks. But the environmental groups said the cracks in the bolts indicated deterioration of the nuclear power plant's structure, operating systems, parts and components. Allowing continued operation of the aging plant would jeopardize public safety. At a recent public hearing on the matter, Tsuei Su-hsin, secretary-general of Green Citizen Action's Alliance, said the decision to resume operations was not transparent. Forecasts for slow growth in China, worries over Greece bailout take toll on markets HONG KONG--World stock markets sank Tuesday over worries about slower economic growth in China and a possible snag in the deal for Greece to get its bailout money. In early European trading, Germany's DAX was down 0.4 percent at 6,835...
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...Australia has a free trade agreement with New-Zealand and Japan. These two countries are very close to Australia which make it easier to trade and they are complimentary countries which means that they complete each other’s productions. ASEAN is the agreement that was created and agreed on in January 2010. In 2015, New-Zealand spent 120.0 billion of trading. The main reasons why the agreement happened was to eliminate the tariffs and lower transaction cost. Japan-Australia Economic Partnership Agreement (JAEPA) was created in April the 7th and signed in Canberra July 8th 2014, but started being used January the 15th in 2015. It is for Japan the best trade agreement ever concluded. The reason why they were established was mainly so the countries could trade with lower or no tariffs at all, it could increase the number of jobs and more. a. ¬¬¬¬¬¬¬Free trade doesn’t only have positive impacts, it also has negative impacts. All countries are different, they can be similar. For New-Zealand, the positive are relationship stronger. That the trade between Australia and Nez-Zealand develops under fair competition conditions. It will allow Australia and New-Zealand’s barriers trade to be eliminated. In...
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