After reading this essay you will learn about:- 1. Formation of Cartels 2. Factors Conductive For Cartel Formation 3. Operations of the Cartel 4. Factors which Indicate the Cartel Presence. Formation of Cartels: The trading blocks and product associations and commissions are legal entities with written constitution and code of conduct for the member countries/industries. They have physical presence in [...]
This article throws light upon the two main types of trade barriers. The types are: 1. Tariff Barriers 2. Non-Tariff Barriers. Trade Barrier: Type # 1. Tariff Barriers: These barriers are meant for price protection of the domestic industry. It is imposed in any of the following three forms or a combination of them: Ad Valorem Duties: It is a [...]
After reading this article you will learn about:- 1. Introduction to Trading Blocks 2. Formation of the Trading Blocks 3. Review of Selected Trading Blocks. Introduction to Trading Blocks: Geographical proximity and common interests are the two reasons for nations to come together and form a community having mutual respect and responsibility for each other's interests. Geographical proximity is the [...]