...Implications of the Ukrainian Crisis for Trade Relationships of the EU with Russia Economic Policies of the European Union Gartnar Marko | 19486522 | Marmai Martina | 19131311 | Mladenović Kosta | 19821606 | Executive Summary The aim of this research assignment is to provide an assessment of the effects on trade relationships between the EU and Russia stemming from the so-called “Ukrainian crisis.” The term points at the Russian military intervention in Ukraine, and the public response that this event generated. In particular, the analysis will regard the repercussions on Euro-Russian trade due to the Council’s diplomatic reply to the violent annexation of the Crimean peninsula by the Russian Federation. Since March 16th, when - with the unconditional support of Russia - the referendum for the independence of Crimea took place, the events in Ukraine escalated, giving rise to a number of restrictive provisions which, increasing in scope and gravity, aimed on one side to discourage military intervention by Russia, while on the other punished illegal misappropriation of Ukrainian public property. Such sanctions may not have played an important role, were it not for the current shaky state of the Russian economy. Nevertheless, that of sanctions is a two-sided sword, and the European Union, barely stepping on the road to recovery, can’t exactly afford being too picky when it comes to deciding who to do business with. The high level of interconnectedness and dependence...
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...diplomatic relations between the Islamic Republic of Iran and the United States of America, instead of exchanging ambassadors, Iran maintains an interests section at the Pakistani Embassy in Washington, D.C., while the United States has maintained a corresponding interests section at the Swiss Embassy in Tehran. Since December 2011, the United States has also maintained a virtual embassy on-line. Historical background. The United States and Iran (then called Persia) established diplomatic relations in 1883. 1979- revolution against the shah.-The United States broke diplomatic relations with Iran in 1980 after a group of revolutionary Iranian students, angered that the deposed Shah has been allowed to enter the United States, seized the U.S. Embassy Tehran and took 52 Americans hostage The United States has long-standing concerns over Iran’s nuclear program, sponsorship of terrorism, and human rights record. The United States and the international community have imposed comprehensive sanctions against Iran to compel Iran to engage seriously in discussions with the international community and address concerns over its nuclear program and human rights abuses. US sanctions against Iran refer to economic, trade, scientific and military sanctions against Iran. On July 14, 2015, the United States, along with China, France, Germany, Russia and the United Kingdom reached an unprecedented agreement with Iran to ease sanctions in exchange for limitations on Iran’s nuclear program. The Joint...
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...Canadian International Council Strengthening the Non-Proliferation Regime: The Role of Coercive Sanctions Author(s): T. V. Paul Source: International Journal, Vol. 51, No. 3, Nuclear Politics (Summer, 1996), pp. 440-465 Published by: Canadian International Council Stable URL: http://www.jstor.org/stable/40203123 Accessed: 30/11/2010 19:58 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=cic. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Canadian International Councilis collaborating...
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...developing countries, while consumption happens mainly in the industrialized economies. Worldwide, 25 million small producers rely on coffee for a living. For instance, in Brazil alone, where almost a third of all the world's coffee is produced, over 5 million people are employed in the cultivation and harvesting of over 3 billion coffee plants. In 2009 Brazil was the world leader in production of green coffee, followed by Vietnam, Indonesia and Colombia. 7. Trade Rules and Regulations and Restrictions of USA: As of 2009, there are several United States embargoes and sanctions in force by the United States against several countries and activities, the most notable of which are against countries the federal government of the United States considers State Sponsors of Terrorism Some sanctions imposed by the United States government are: • No arms-related exports • Controls over dual-use exports • Restrictions on economic assistance • Financial restrictions o Requiring the United States to oppose loans by the World Bank and other international financial institutions. o Diplomatic immunity waived to allow families of terrorist victims to file for civil damages in U.S. courts. o Tax credits for companies and individuals denied for income earned in listed countries. o Duty-free goods exemption suspended for imports from those countries. o Authority to prohibit a U.S. citizen from engaging in financial transactions...
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...INTERNATIONAL ECONOMY Globalisation, World trade, Multinational, Exports and imports. Advances in transportation and communication has made the exchange of information and goods and services much more efficient between people and countries, thus making the world seem like a small place. This is referred to as globalisation. The world has become connected in many different ways such as in a cultural, religious, and economical way. Two centuries ago countries only traded within their boarders and the only thing closest to international trade was when explorers such as Vasco Da Gama and Christopher Columbus sailed to undiscovered lands and traded goods such as copper, diamonds, gold and spices. In later years international trade within Europe started to grow, for example neighbouring countries such as France and the U.K traded consumer, capital and military goods with each other. International trade today is enormous, in 2010 global exports and imports were $37 trillion, which is 58 percent of the value of global production. The United States is the largest global trader as it accounts for 10 percent of world exports and 13 percent of world imports, China comes second then Germany third. World trade has made all individual national economies heavily dependent on each other, for example the fall of the United States economy or the appreciation and the depreciation of the United States dollar affects all other economies. A good example of international financial...
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...establishing full diplomatic relations between the two nations. Throughout the next decade, Deng launched a series of economic and social reforms meant to improve the lives of Chinese citizens, including opening up China to foreign investment, decollectivizing agriculture, and allowing citizens to own businesses. He led massive economic reform within China and attempted to dissemble the communist economic structure that weighed down the nation during the Cultural...
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...June Fourth Movement: The party and state suppressed movements calling for government accountability, transparency, anti-corruption, freedom of the press and speech. Military crackdown that ended the large-scale, peaceful protests in Beijing and other cities that spring and early summer. Considered it as political disturbance It is impossible to understand today’s China and its relationship with the world without understanding the spring of 1989: the legacy of june fourth movement and how it affected today’s Chinese governance and foreign relations. Fear of another national movement, affecting social harmony and stability Today’s China: Politically more oppressive and closed atmosphere: “Neo-authoritarian” rule, relative social stability e.g. Effective state censorship has turned the vast majority of Chinese youth into "amnesiacs", while their parents and others of their generation keep silent about the recent past. Young generation are still ignorant about the event. According to Lim Louisa’s research and experiment, many young best-educated students could not recognize the iconic image of Tiananmen-Tank Man. A vast majority doubted the validity of the photo. e.g. high-school textbooks excluded this incident. Even some history textbooks-> claimed the imperialist Western world was trying to make socialist countries abandon the socialist route. e.g. detention of Tiananmen Mothers such as Ding Zilin and her husband , Zhang Xianling, cctv monitoring them. Each year...
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...Economic sanctions are more commonly being used to try and satisfy a wide range of foreign policies that America had deemed necessary to achieve for the betterment of society. Yet time after time these sanctions are only hurting innocent civilians that are not at fault, and in fact are not even achieving what they were supposed to do. In Arundhati Roy’s essay “The Algebra of Infinite Justice”, Roy critiques the statement given by former U.S. ambassador Madeleine Albright. When Madeleine is asked the question “How she felt about the fact that 500,000 Iraqi children have died as a result of economic sanctions the U.S. insisted upon” she replied with “it was a very hard choice, but all things considered, we think the price is worth it” (306). Roy then goes on to say that these sanctions are “massacres of innocent people” and that they cause for “collateral damage” (306). Superpowers such as the United States are imposing economic sanctions that are only in the best interest of the people of America and have no regard to the implications that these sanctions come with. Therefore, economic sanctions should not be imposed on nations because they directly impact ordinary civilians and...
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...Steven Wallace Final Research Paper on General Agreement on Tariffs and Trade (GATT) Int 610 Professor S. Dalpour Abstract The history of global trade shows that free, fair, and open trade is not necessarily the norm. If allowed, larger nations would monopolize trade to their advantage and destroy open competition. The purpose of this paper is to review the history of trade to find out the reasoning behind establish a General Agreement on Tariffs and Trade (GATT). To meet this goal, this student will quickly review world history concerning trade, the introduction of GATT, its successes and weaknesses, and the emergence of the World Trade Organization (WTO) as a successor to GATT. From this literary review, I will cite three current examples – within the last decade – on how recent tariffs and trade barriers still affect the United States of America: * 2002 - US Steel tariff * 2007 - Paper tariff on Chinese Paper * 2009 - Violation of North American Free Trade Agreement with Mexico and its effect on US trade Finally, I will give me opinion on whether or not I believe the WTO/GATT is still relevant for 2012 and beyond. Why Was There A Need For A General Agreement on Trade and Tariffs? The history of trade – and protectionism of the trade of goods – is record all the way back to the Roman Empire. Trade at that time was characterized by Roman control over roads and on ships throughout the Mediterranean region. If you wanted to move...
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...trafficking refers to the international black market trade of illegal drugs. While some drugs are produced and sold locally, the cultivation and manufacture of some illicit drugs occurs in only a few locations around the world. Most of the world's supply of cocaine comes from Central and South America and most opiates are cultivated in Central, Southeast, and Southwest Asia. A chain of drug cartels ships drugs around the world in order to get the drugs from the point of production to the user on the street. The United Nations Office on Drugs and Crime (UNODC) in its “World Drug Report 2008” estimates that 208 million people worldwide use drugs annually on at least one occasion. The vast majority of global drug uses involved some form of cannabis. UNODC estimates that 165 million people have used cannabis in the last year. Amphetamine use comes in second with about 25 million users per year. According to United Nations (UN) estimates, the drug trade is a $400 billion per year industry. Drug trafficking traces its roots back to eighteenth-century China. By the late seventeenth century, opium addiction had become a major problem on the Chinese coast, where European traders imported opium from other parts of Asia. In 1729, the Chinese emperor banned the importation of opium into China. As the supply of opium decreased, the price of opium increased and drug smuggling increased. By the end of the nineteenth century, the Chinese opium trade flourished due to lax enforcement of the importation...
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...____________ Abstract India’s rapid economic growth has made it the second fastest growing energy market in the world. Its domestic and international strategies has produced foreign policy differences with the United States that will require careful management on both sides. India’s basic approach to energy diplomacy has been to develop its supply potential and neutralize its potential competitors, principally China. India’s strategic interest in Iran as its energy partner and then the Iraq crisis are having a negative consequence on its economic prosperity, placing it on crossroads with the US. There is a divide between US and EU about the wisdom and desirability of imposing harsh economic sanctions on Russia. In any such confrontation, EU stands to lose much more than the US, though it can be argued that Russia will be the worst loser. In future, Russia may try to find new potential market for its gas and that could be India. So it is important for India to take its stand on Ukraine crisis carefully without tarnishing its relation with USA. India’s long-term prosperity hinges to some degree on a conflict free neighborhood; that an economically integrated region is in India’s overall security interests. Keywords: oil crisis, energy diplomacy, Ukraine Crisis, trade agreement, SAARC Nations Literature Review Indian foreign policy has always concentrated around major powerful nations like USA and Russia. The research which has been done so far is focused on building relations...
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...trade Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper money. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade. Trade exists for man due to specialization and division of labor, most people concentrate on a small aspect of production, trading for other products. Trade exists between regions because different regions have a comparative advantage in the production of some tradable commodity, or because different regions' size allows for the benefits of mass production. As such, trade at market prices between locations benefits both locations. Retail trade consists of the sale of goods or merchandise from a very fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser.[1] Wholesale trade is defined as the sale of goods...
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...National Security and Foreign Policy Issues A. Nations restrict exports of goods and technology for three basic reasons: 1. To protect national security – restricting the exports that could make a significant contribution to the military capabilities of any other country that could be detrimental to the U.S. 2. To implement foreign policy – nations may grant or deny trade privileges to further foreign policy objectives See p. 411 for a list of reasons - As of 2010, the US had strict foreign policy trade controls, as well as restrictions on investment and travel, relating to 4 countries deemed to be “state sponsors of terrorism” = Cuba, Iran, Sudan, Syria - Pres. Bush took North Korea off of the list - Libya was also taken off the list after renouncing its attempts to possess weapons of mass destruction 3. To limit the sale of strategic goods and raw materials in short supply - Could apply to food, medicine, basic metals, or natural resources B. Effectiveness of Trade Sanctions - Opponents and Proponents w/no clear consensus - However, to be effective, sanctions need universal cooperation II. History of U.S. Export Laws A. The Rationale - U.S. concerns about technology and weaponry falling into enemy hands Therefore, it regulates the export of arms, technology, commodities with military applications, and other strategic commodities including technical data, component parts, and chemicals B. Development of the Legal Framework ...
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...the world economy over the last 30 years. What are the implications of these shifts for international businesses based in Great Britain? North America? Hong Kong? Answer: The world economy has shifted dramatically over the past 30 years. As late as the 1960s, four stylized facts described the demographics of the global economy. The first was U.S. dominance in the world economy and world trade. The second was U.S. dominance in the world foreign direct investment picture. Related to this, the third fact was the dominance of large, multinational U.S. firms in the international business scene. The fourth was that roughly half of the globe - the centrally planned economies of the Communist world - was off-limits to Western international businesses. All of these demographic facts have changed. Although the U.S. remains the world's dominant economic power, its share of world output and world exports have declined significantly since the 1960s. This trend does not reflect trouble in the U.S. economy, but rather reflects the growing industrialization of developing countries such as China, India, Indonesia, and South Korea. This trend is also reflected in the world foreign direct investment picture. As depicted in Figure 1.2 in the textbook, the share of world output (or the stock of foreign direct investment) generated by developing countries has been on a steady increase since the 1960s, while the share of world output generated by rich industrial countries has been on a steady...
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...Introduction As the strongest country in the world, America can done all kinds of oppressions onto any country that US like either through strong military force, from economic way and also social of that country. American corporations and popular culture has actually affects the lives and infect the indigenous cultures of millions around the world. Due to the foreign policy of the US government, backed by its military strength, has unprecedented global influence now that the America is the world’s only superpower-its first ‘hyperpower’. America lead all the ways whereby it exports its value systems, defining what it means to be civilized, rational-indeed, what actually it is to be human. Apart from that, America itself is impervious to outside influence, and if most Americans think of the rest of the world at all, it is in terms of deeply ingrained cultural stereotypes. Many people do hate America from Middle East to the developing countries as well as in Europe. Along with the happening of tragedy 9-11, public has focused on the question-‘Why do people hate America?’ This is a loaded question and not simply a statement. However, it would not be weird if people hate America as they often oppressed many other weaker countries especially countries from the Third World. The oppressions done by America can be grouped into three major ways that are politically, economically, and from the social aspect too. Politics The brand of external interventionism adopted by...
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