Global Trade - Czech Republic
Module 1 - Case
NATIONALISM, BIAS AND WORLD FINANCE
Assignment Overview
Global Trade
Global markets are affected by conditions created by international trade institutions and the international trade policies they formulate. These global market conditions vary based on the regional trade blocs. International business professionals must track trends in global market conditions that impact the success of operations in one or more foreign markets. 2020’s pandemic punctuated the interconnectedness of global markets. There are many government, private, and public websites and databases that provide rich information on countries. This is your opportunity to use several U.S. government databases.
Case 1 Resources
Global Trade in the United States (2019)
The Globalization of Business (2020)
The Global Business Environment (2020)
Reducing International Trade Barriers (2020)
Trade Controls (2020)
Case Assignment
Global Trade
Using the International Trade Administration Country Commercial Guide, U.S. State Department - Investment Climate Statement, and BEA International Trade and Investment Country Facts, research three countries (not used in another assignment) on different continents and provide an overview of business opportunities for American companies.
Fill in the table for each country - Table is attached*
Sources for links included on table below.
SOURCE: International Trade Administration Country Commercial Guide
SOURCE: U.S. State Department -Investment Climate Statement
For each country: Provide a ½-page analysis of the trade conditions and attractiveness of the country for U.S. investment. Include information about industries that should consider trade with the country. Research required.
No quotations are permitted in this paper. Each paragraph (except the introduction and conclusion) must contain at least one in-text citation.
Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” on the grading rubric.
This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we”, and “you” are not appropriate.
Use the attached APA-formatted template (BUS401 Case 1) to create your submission.
The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.
Global Trade
Student's Name
Institutional Affiliation
Course Full Name
Instructor's Name
Date
Global Trade
Country
Czech Republic
Market Overview
The Czech Republic is a developed kingdom in Central Europe with a steady political laptop and a robust industrial base. On the other hand, it has a small population of about 10 million, boasting a high GDP per capita. The US has a well-developed infrastructure and is regarded for its knowledgeable workforce.
Market Challenges
Despite its strengths, the Czech Republic faces challenges such as getting a historical population, which may also lead to shrinking personnel in the lengthy term. Additionally, bureaucratic methods and rules can be cumbersome for overseas investors.
Market
Opportunities
The Czech Republic affords possibilities in the fields of best manufacturing, look-up and development, and technology-driven industries. Its strategic place inside the EU market provides potentialities for exporting to different EU member states.
Leading Sectors for US Exports & Investments (select 3)
1.
Manufacturing
2.
Information Technology
3.
Pharmaceuticals
Trade Barriers
The Czech Republic has a sturdy manufacturing sector, especially in the car industry. American organisations cannot invest in this supply chain or export high-tech equipment.
Import Tariffs
The Czech Republic, as an EU member, has low or no tariffs for most goods imported from the U.S., thanks to present trade agreements.
US Export Controls
American companies must be conscious of U.S. export management regulations to ensure compliance when exporting touchy technologies to the Czech Republic.
SOURCE: Czech Republic Country Commercial Guide (trade.gov)
Highlights
Tl Corruption Perceptions Index/Rank
The Czech Republic has a low corruption appreciation index and ranks favourably in worldwide transparency reports, which enhances its attractiveness for foreign investment.
Investment Incentives
The authorities afford a range of funding incentives, including tax breaks, grants, and subsidies, to attract foreign places' direct investment.
SOURCE: Czech Republic - Investment Climate Statement (trade.gov)
Top 3 Exports
$USD billions
Machinery and Equipment
1
13900
Vehicles
2
13500
Electrical Machinery and Equipment
3
13000
Top 3 1mports
$USD billions
Machinery and Equipment
1
6750
Vehicles
2
5900
Electrical Machinery and Equipment
3
5630
SOURCE: BEA International Trade and Investment Country Facts
Country
Vietnam
Market Overview
Vietnam is a swiftly growing in Southeast Asia with a considerable population of over ninety 5 million. It has experienced sturdy monetary growth, pushed thru a flourishing manufacturing and an emerging consumer market.
Market Challenges
Despite its financial progress, Vietnam faces challenges associated with infrastructure development, bureaucratic processes, and regulatory complexities.
Market
opportunities
Vietnam's burgeoning middle classification and growing purchaser buying strength are helpful for organisations searching to extend their market presence in Southeast Asia.
Leading Sectors for US Exports & Investments (select 3)
1
Electronics
2
Textiles and Clothing
3
Food and Beverages
Trade Barriers
The cloth enterprise is a critical factor in Vietnam, and U.S. companies can explore little in clothing sourcing and manufacturing.
1mport Tariffs
Vietnam has reduced import tariffs for a variety of products. Alternatively, some non-tariff limitations and protectionist measures nonetheless exist.
US Export Controls
American businesses must be cautious about export manipulation rules when dealing with advantageous technologies, especially those associated with safety and high-tech sectors.
SOURCE: Vietnam Country Commercial Guide (trade.gov)
Investment Climate Statement
Highlights
Tl Corruption Perceptions Index/Rank
Vietnam's corruption grasp index has accelerated in present-day years, indicating efforts to fight corruption.
Investment Incentives
The government affords many funding incentives, including tax benefits and streamlined administrative procedures, to appeal to foreign places for direct investment.
SOURCE: Vietnam - Investment Climate Statement (trade.gov)
Top 3 Exports
$USD billions
1
Electronics
35
2
Textiles and Apparel
28
3
Footwear
26
Top 3 1mports
$USD billions