International Business: Trade Sanctions Essay

642 words - 3 pages

The topic I picked to research was trade sanctions. Trade sanctions are one of the many different trade barriers that countries usually use to protect their domestic market. They are penalties that are placed on a country by another country, usually at time where countries face a policy or political dispute. The penalties usually take the form of duties or tariffs. The 3 articles I found are: Iran looks to oil to ease the pressure of economic sanctions by Jason Rezaian, The power of sanctions between countries by Brent Radcliff, and Why sanctions on Cuba must remain by Jamie Suchlicki.

Summaries of Articles

In the article by Jason Rezaian, it shows how trade sanctions can impact a countries economy, whether it was through trade partner relationships or the economy. The articles stated that the United States and several countries within the United Nations have either completely stopped or are cutting back on their oil imports from Iran. The sanctions were placed there because of Iran and other countries like the US, disputing over their (Iran) nuclear programme. This negatively affects Iran’s economy because oil is their greatest export and accounts for more than half of the country’s revenue. Some countries such as Japan, China, and India, have received sanction waivers, meaning they could import the oil without having to impose said sanctions, if their purchases decrease with 6 months. Instead of declining purchases, China has increased it by more than 1.2% and in September alone they have increased 24% compared to the same quarter last year. This makes Iran’s new president and his cabinet happy because it gives them hope for the future by strengthening bonds with already established trading partners, and eventually getting rid of the sanctions altogether.

In the article by Brent Radcliff, it discusses the general effect of sanctions. It states the different types...

Find Another Essay On international business: Trade Sanctions

How the Coercive Capacity of Sovereign Nation-states Affects International Business Environment

1155 words - 5 pages sanctions such as suspense of trade to change Iranian domestic political climate. The expectation of the US is to substitute the present Iranian authority with a new US-friendly central government that can support the US interests. All the above indicates that the coercive capacity caused by power asymmetry will influence trade relations between states, which is a part of international business environment.However, the concept of coercive capacity in

American Foreign Policy Position Paper: Trade, Sanctions, Debt, and Investment

5918 words - 24 pages victory. Unfortunately, each of these nations has had little trouble finding new sources of trade worldwide, and hence the end-result of the sanctions has been to hurt American business. By closing off foreign markets to American exporters, previous administrations have cost business billions of dollars in lost trade. In addition, the sanctions have pulled America out of the forefront of trade status and made an almost "uncooperative" partner

World Investments and Economics

1659 words - 7 pages business * Promote full employment * Expand production and trade in goods and services * Encourage good use of the world's resources * Protect the environment * Include the developing countries of the world * Resolve disputes by offering fair hearings to countries * WTO can impose sanctions

IRaN

1907 words - 8 pages , President Barack Obama, like George W. Bush, renewed Clin-ton's executive order banning U.S. trade and investment with Iran. There are also a myriad of sanctions placed by the European Union (What are the Sanctions Against Iran) • 1, 20, Embargoing exports of oil from Iran on 12 created a fall of exports to about 1.25 million barrels, down from 2.5 million barrels. This was followed by a further decrease to about 700,000 barrels per day by May

Fuck me

1484 words - 6 pages ratified• Once a treaty has been signed, a countries are obligated to meet the WTO requirements and requirements of the agreement • Should one country no be able to do so, , it may be forced to pay compensation or face trade sanctions. • Most treaties negotiated in the WTO are regarded as agreements• Treaties and Agreements Relating to Trade Australia has signed 580 treaties that relate to international trade• This

HEllo

1484 words - 6 pages ratified• Once a treaty has been signed, a countries are obligated to meet the WTO requirements and requirements of the agreement • Should one country no be able to do so, , it may be forced to pay compensation or face trade sanctions. • Most treaties negotiated in the WTO are regarded as agreements• Treaties and Agreements Relating to Trade Australia has signed 580 treaties that relate to international trade• This

What are economic sanctions and which factors might influence their effectiveness? by Muad MZ Word Count: 1447

1437 words - 6 pages damage on the government's financial strength. This can sometimes weaken governments and isolate them to a state where they would give into international pressure. Economical sanctions would not only cut of all financial aid and ties to a country, but it could cut of all trade and also ban government members of that state from travelling abroad. These are just some of the most effective ways there are when it comes to economic sanctions and it can

Persian Gulf War

3443 words - 14 pages chief opponents of the American-sponsored regional order. Regarding Iraq, the policy involved maintaining the full-scale international economic sanctions and military containment the administration had inherited, including a no-fly zone in southern Iraq and a protected Kurdish enclave in the north. The Clinton administration stated that it merely sought Iraqi compliance with the post-Gulf War U.N. Security Council resolutions, particularly those

Persian Gulf War

3467 words - 14 pages American-sponsored regional order. Regarding Iraq, the policy involved maintaining the full-scale international economic sanctions and military containment the administration had inherited, including a no-fly zone in southern Iraq and a protected Kurdish enclave in the north. The Clinton administration stated that it merely sought Iraqi compliance with the post-Gulf War U.N. Security Council resolutions, particularly those mandating the termination of

Should the U.S. Government Drop Its Sanctions against Cuba?

2064 words - 8 pages Remy Herrera, the United States in violation of the United Nations general assembly resolutions refuses to lift the embargos against Cuba (4310). On the other hand, United States as a country, and US business are not benefiting from the sanctions. The US is building a negative image and loosing international trust as a leading world power because of the illogical and inconsistent policy it is following toward Cuba. US businesses are also

Successful Accession of Crimea

2742 words - 11 pages European Parliament rejected the referendum on independence in Crimea, which they saw as manipulated and contrary to international and Ukrainian law. It moved for sanctions against a total of 48 people, which included General Valery Gerasimov, chief of the Russian general staff and first deputy defense minister, and Lieutenant General Igor Sergun, identified as the head of GRU, the Russian military intelligence agency. Economic & Financial

Similar Essays

Case Study: Kanzen Berhad: The United States And Anti Dumping Duties Globalization, International Business, Non Tariff Barriers, And International Trade Issues.

1622 words - 6 pages IntroductionGlobalization has become one of the biggest issues in the economic world today and because of the impact, many things have changed - including how countries operate with each other. Thus, international trade has evolved into a complex system of trade barriers to ensure the protection of domestic industry and its workers interests. The trade impediments and subsidies include protective tariffs, import quotas, non-tariff barriers i.e

What Role Does The Wto Play In International Business? Argue The Case That The Wto Is Either Helpful Or A Hindrance To International Trade, Giving Particular Examples To Support Your Case.

3303 words - 13 pages Title of Assignment: What role does the WTO play in international business? Argue the case that the WTO is either helpful or a hindrance to international trade, giving particular examples to support your case.1. IntroductionInternational trade has been increasingly frequent since industrialisation. Today globalisation becomes well-known among people. As economies have become more open, countries become more dependent on one another. However

Should Trade Sanctions Be Stopped Essay

2247 words - 9 pages       SHOULD ALL TRADE SANCTIONS BE STOPPED? To most of the world, sanctions are a mixed blessing. On the one hand, they reinforce trade rules and promote respect for them. On the other hand, they tend to undermine the principles of free trade and provoke a kind of ‘trade envy’(Charnovitz) in other international organizations.      Trade retaliation goes back quite a ways; we see examples of

The Effectiveness Of Sanctions Essay

2099 words - 8 pages , “multilateral economic sanctions offer the prospect of a more civilized world where international norms are enforced not through military violence but through the power of trade. He goes on to say that sanction, if done correctly, can be an effective tool against human rights violations, military aggression and weapons proliferation.” (Cartright, 1995, pg. 13) Unanimous agreement by the sanctioning body (U.N.) against any country or government