NEW POLICY – NEW RULES : U.S. Leaves Trans-Pacific Partnership

President Trump signed an executive order that will withdraw the United States from the Trans-Pacific Partnership (TPP). The TPP is the largest planned regional trade accord in history, and was designed for the United States and 11 other nations in Asia and the Pacific to build a free trade zone. Its purpose was to lower tariffs, resolve trade disputes, and make patents safe, all while enhancing  U.S. power in Asia.

The new administration has fulfilled Trump’s campaign promise, by changing  America’s trade ties with other countries, and abandoning the TPP brokered by his predecessor. The withdrawal from multinational trade agreements stems from his belief that they “erode American jobs and opportunities”, and has had large geopolitical implications in Asia, and throughout the world.

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New President, New NAFTA

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The Trump Administration will seek modest changes to the North American Free Trade Agreement renegotiation process. According to a draft of a letter sent to Congress last week, the Administration is seeking a more conventional approach to trade negotiation.

NAFTA, which was established in 1994 between Canada, the U.S., and Mexico, aims to reduce trading costs, increase multilateral investment, while helping North America become more competitive.However, during the 2016 presidential campaign, President Trump made the debate over free trade one of the central topics of his campaign.

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Birmingham Insights on Asia — (2) The Impact of the Government Policy on the Small and Medium-Sized Enterprises’ (SMEs) Export Activities in China

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This comment is based on Zheng Guan’s Dissertation written under the supervision of Prof. Michael Czinkota at the University of Birmingham, UK.
Recommendations for the Government Sector
1) Enhance SMEs’ export assistance and promotion activities. The government should develop more preferential export policies

Birmingham Insights on Asia — (1) The Impact of the Government Policy on the Small and Medium-Sized Enterprises’ (SMEs) Export Activities in China

Gallery

This gallery contains 1 photo.

This comment is based on Zheng Guan’s Dissertation written under the supervision of Prof. Michael Czinkota at the University of Birmingham, UK.
On a year-to-year comparison of export activities, most of firms surveyed exported more. However due to increased costs caused

Armenian Perspective: THAT COMPLICATED THING CALLED “CORRUPTION”

by Anna Astvatsatryan

I was driving home and talking on the phone with a friend, so the police stopped me. I know, I know, you shouldn’t use mobile devices while driving. So I was completely ready to answer for my “crime” and pay the fine, which in my country you are able to pay on spot.

Anyhow, after parting ways with the police officer, I remembered that usually you need to sign a receipt of payment, which he never asked me to do. All of a sudden, I found myself in the middle of a bribery act, that I didn’t even realize.

Corruption is a very tricky matter. It can halt the development of a whole country and destroy democracy. It can help people avoid useless regulations and paperwork, therefore save a lot of time and money. For example, a study showed that in countries with high number of regulations, corruption actually helps new entrepreneurs to start a business and enter the market. It also has a so-called “greasing” effect for importers, when they can avoid a line and paperwork at the customs by just paying a bribe.

If we dig deeper, corruption is in a way compensating the lack of trust between the government and people. It helps businesses have at least some kind of a guarantee from the government official. If there was more trust in justice and equal opportunities for every business or individual, the power of corruption would decrease significantly.

But how can you build trust with an official that would rather take a bribe?

Well you could try by these:

  1. Build trust with your partners, competitors and other citizens
  2. Know your rights (I could have avoided paying a bribe if I remembered the official fine payment procedure)
  3. Ask for advice. There actually are people called lawyers that know what you can and cannot do, your rights and responsibilities, the Constitution of your country and a lot of other very useful and extremely important information, and you don’t always have to pay for their services.

Corruption can still be harmful or beneficial, depending on the case. Nevertheless, building trust will help decrease a lot of the harmful and unnecessary corruption and create a civil society that does not need any corruption at all.