Essay Editing
Essay Tips
Essay Writing Samples
Ideas for Essays
Plagiarism Free Essays
Writing Essays
Over 300 words/page
galka Double-spaced
galka Text aligned left
galka One-inch margins
galka 12 point font size
galka You choose font face
Reasons why to choose us
  • US registered company
  • Over 1500 certified writers
  • Any topic at any academic level
  • Up to date sources
  • Life time discounts
  • 100 000 prewritten essays & Plagiarism report as FREE Extras
  • Personal account
  • Direct communication with the writer
  • 24/7 Customer support
  • Delivery from 6 hours
accept people
Essay Samples > Economics > Types of Trade
← Keynesian versus Hayek Economic ConceptNon-Monetary Motivational Incentives →
Live Chat

Types of Trade

Buy custom Types of Trade essay

Regional Trade Agreements are agreements in which members accord preferential treatment to one another according to trade barriers. These agreements vary in terms of the level of understanding and co-ordination among the nations that participate. Owing to this, these agreements occur in different categories (Stephenson, Findlay & Yi, 2002).

The Preferential Trading Agreement refers to a trade agreement that lowers trade barriers among its members. This category acts upon a limited portion of actual trade flows and is non- reciprocal. Furthermore, PTAs help in gaining connection to a larger export market. This leads to economic development. An example of a PTA is the PATCRA formed in 1977.

Another agreement is the Free Trade Area (FTA). It acts upon a reciprocal arrangement. This means that trade barriers or tariffs are abolished.

Lastly, the Custom Union involves all participating nations adopting a common external trade policy. The Common External Tariff Regime forms a good example of a Custom Union.

Economies of scale refer to the benefits obtained by a firm due to a relative expansion. Preferably, it means that when more commodities get produced at a larger scale while costs remain low, then the economies of scale is achieved. A company that benefited the economies of scale is the Renault- Nissan Alliance. It involved a partnership between Renault, in Paris, France and Nissan in Yokohama, Japan. This partnership led to an increased production of automobiles since it involved a cross- shareholding deal. Thus, the company ended up benefiting from the economies of scale.

The European Union acts as an optimal currency area since its members trade largely with each other. Therefore, intra- European trade surpasses international trade. Secondly, the European Union evades the application of the no- bail out clause in the Stability and Growth Pact, thus, not allowing fiscal transfers (Jeffrey, 1997).

NAFTA stands For North American Free Trade Agreement. It refers to the institutionalization of a formally congested economic independence in the region. Canada displays a nation that benefited this organization. Being crucially dependent on the American Market, Canada joined the NAFTA, collaborating with Mexico and the US. Out of  this alliance, Canada got insulated from protectionist pressures in America. 

Buy custom Types of Trade essay

Buy essayHesitating

Related essays

  1. Non-Monetary Motivational Incentives
  2. Gold
  3. Keynesian versus Hayek Economic Concept
  4. Poverty and Inequality
get online helpBuy Essay
Time left: 4 days 19:44:26
arrow Essay in 11 days for $12.99/page
arrow Essay in 9 days for $14.99/page
arrow Essay in 7 days for $15.99/page
arrow Essay in 5 days for $16.99/page
arrow Essay in 4 days for $17.99/page
arrow Essay in 3 days for $18.99/page
arrow Essay in 48 hrs for $19.99/page
arrow Essay in 24 hrs for $21.99/page
arrow Essay in 12 hrs for $23.99/page
arrow Essay in 8 hrs for $24.99/page
arrow Essay in 6 hrs for $34.99/page
arrow Essay in 3 hrs for $48.99/page
  more »  

"The paper you wrote for me really pays off... I do not have to rewrite it or hire another service to edit it. It is absolutely perfect"

more »  
Rekindling the Platonic Years Through Plato Essays
Writing Evaluation Essay
Writing a Nice French Essay
Writing a Narrative Essay
Putting up a Good Academic Essay
Writing an Algebra Essay
Writing a Good College Entrance Essay
Writing a Dental School Essay