1. Global Trade and Regulations
FA32

2. Globalization
The flow of goods, services, money, labor, technology across international borders.

3. Export Products sent out from one country to others.
What products do we export?

4. Import Goods that come into a country from foreign countries.
What do we import?

5. Balance of Trade
Comparisons of the value of a countries imports and exports.
What is our balance of trade?
Favorable or Unfavorable?

6. Trade Agreements and Laws
Quotas
Countries set quotas that limit how much can be imported
Helps create a favorable balance of trade

7. Tariffs Trade Agreements Tax on imported goods
Helps create a favorable balance of trade

8. Free Trade Agreements
Movement of goods not restricted by tariffs or quotas
We have a free trade agreement with our neighbors Canada and Mexico
NAFTA North American Free Trade Agreement

9. World Trade Organization
Governs world trade
Sets trade practices to be fair for all nations
Negotiates disputes
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10. WTo Agreement on Textiles and Clothing
Phase out quotas and tariffs on clothing and textiles
Advantage: Countries with lower wages
Disadvantage: Countries with higher wages

11. Global Sourcing
Choosing how, when, and where a company will manufacture its goods or purchase its products.
Domestic or offshore sourcing
Constantly changes to be competitive
Lower prices or wages