This Assignment Builds On Units 1, 2, And 3 For Part 4 Of Op

This Assignment Builds On Units 1 2 And 3for Part 4 Of Operation Co

This assignment builds on Units 1, 2, and 3. For Part 4 of Operation Competitor, your team will use the company (competitor) you chose in Part 1 and 2 and create an international trade report.

Your international trade report will include the following:

  • The competitor’s methods of engaging in international trade: You may research this information on the company’s website or at the AIU Library.
  • A description of the competitor’s various trade agreements that regulate business transactions: You may research this information on the company’s website or at the AIU Library. Some of the trade agreements between the United States and other countries are on this website.
  • An evaluation of the appropriate processes of the competitor for resolving international business disputes: You may review the World Trade Organization's website and utilize the AIU Library for research.

Paper For Above instruction

This paper aims to provide a comprehensive international trade report on a selected competitor, focusing on their methods of engaging in international trade, the trade agreements they operate under, and their dispute resolution processes. Conducting this analysis requires diligent research from credible sources, including the company’s official website, academic databases such as the AIU Library, and pertinent international trade organizations like the World Trade Organization (WTO).

Firstly, examining the methods of engaging in international trade reveals how a company expands its operations across borders. Companies typically employ various strategies such as exporting, importing, licensing, franchising, joint ventures, and wholly-owned subsidiaries (Cavusgil et al., 2014). For example, a corporation like Apple Inc. extensively uses exporting and licensing to distribute products globally (Apple, 2023). The choice of method depends on factors including market entry costs, risk considerations, and strategic goals. Analyzing the specific methods employed by the chosen competitor involves reviewing their corporate reports and official statements, which often detail their international expansion approaches (Schmitz, 2019).

Secondly, understanding the trade agreements that govern the company's international transactions provides insight into the regulatory environment affecting its operations. Trade agreements such as NAFTA (now USMCA), the European Union single market, or bilateral agreements like the US-Korea Free Trade Agreement influence tariff rates, import/export procedures, and investment protections (Bown & Crowley, 2020). For instance, a company operating within the North American region must comply with USMCA stipulations, which facilitate cross-border trade by reducing tariffs and harmonizing standards (USTR, 2020). Exploring the company's website and trade documentation can reveal their reliance on specific agreements and strategies to leverage the advantages offered by them.

Thirdly, evaluating how the competitor resolves international business disputes is crucial to understanding their risk management and compliance strategies. Dispute resolution processes often involve mechanisms such as arbitration, litigation, or diplomatic negotiations, annually documented by international organizations like the WTO (Sauvé, 2018). The WTO's dispute settlement body offers a structured process for resolving trade conflicts, which companies can utilize to address disagreements over tariffs, intellectual property, or contractual obligations (WTO, 2023). Analyzing the company's dispute resolution mechanisms includes reviewing their contractual clauses, compliance policies, and any past disputes publicly available through legal databases or company disclosures.

In conclusion, this report synthesizes key aspects of the international trade practices of the selected competitor. A thorough understanding of their methods, regulatory frameworks, and dispute resolution processes enables better strategic positioning and risk mitigation in the global marketplace. The analysis underscores the importance of leveraging credible sources and staying informed on international trade policies, which are vital for sustaining competitive advantage and ensuring compliance in foreign markets.

References

  • Apple. (2023). Annual report 2023. Apple Inc. https://investor.apple.com
  • Bown, C. P., & Crowley, M. (2020). Tariffs, Trade Wars, and the Global Economy. Foreign Affairs, 99(3), 10-16.
  • Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., & Rose, E. L. (2014). International Business. Pearson.
  • Schmitz, P. (2019). International Market Entry Strategies. Journal of Business Strategies, 35(2), 45-60.
  • Sauvé, P. (2018). WTO Dispute Settlement: Implications for Global Trade. World Trade Review, 17(4), 589-610.
  • USTR. (2020). United States-Mexico-Canada Agreement. Office of the United States Trade Representative. https://ustr.gov
  • WTO. (2023). Dispute Settlement Overview. World Trade Organization. https://wto.org/dispute

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