RESEARCH EXERCISES
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Research Exercises
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RESEARCH EXERCISES
Exercise 1
The World Trade Organization International Trade Statistics report provides the
overview of activities of the WTO. It also provides a comparison of updated statistics as
well as a comprehensive report on trade in commercial services and merchandise. This
report helps in assessing the world trade flows of a region. It also studies the product and
services of that region.
The top 10 Countries leading in Exports and Imports
The report gives the trade developments in 2013. The imports and exports of
Japan, the European Union, Developing Asia (including China) and United states are
shown. According to the chart of Exports, the United Nations rank third after ExtraEuropean and developing Asia. After the United States is the Intra European and finally
Japan (Global Edge, 1994).
Exports
After going through the statistics chart of 2013 imports and exports, we see that
exports of the US grew steadily after a flat 1st quarter for the rest of the 2013. Contrary to
this the strongest exports in the first quarter were exports of the European Union, which
gradually lowered and become negative for the rest of the year (World Trade
Organization, 2014).
Trades between the European Union countries i.e. intra European exports, raised
marginally in the third quarter but remained lower in the rest of the period. Japan’s
exports remain increased in three quarters in 2013 although it started from a lower base.
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RESEARCH EXERCISES
Finally, exports from developing Asia, changed between positive and negative, and
finally it became flat (World Trade Organization, 2014).
Therefore, the top-most countries in exports includes firstly Extra European
Union countries, then the developing Asian countries, which includes China, after that
United States followed by Intra European Union Countries and at the last position Japan.
Imports
Going through imports chart, we can see that, the United States and Japan rank
equally in imports. They both are at the second rank after Developing Asia. At the last
rank is the European Union in which intra European Union export leads the extra
European Union export (World Trade Organization, 2014).
The import trends downwards throughout the year for the European Union,
sapping worldwide interest. Imports of the Japan and United States were generally rising.
The developing Asia’s imports curve was generally flat, and it turned a little negative
towards the fourth quarter (World Trade Organization, 2014).
Therefore, the top-most countries in imports include firstly developing Asia
including China, followed by Japan, then United States and finally the European Union
countries. This report specifically gives the top-most countries, exporters and importers.
Countries in the top 10 in both exports and imports
The developing Asian countries appear at the top in both imports and exports by
analyzing the import and export charts of the WTO. The quarterly development of the
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RESEARCH EXERCISES
United States achieves about 4.1% in the third quarter. It also achieved around 2.5% in
both 2nd and 4th quarter (World Trade Organization, 2014).
It can be analyzed from the charts and data of the imports and exports that after
developing Asia, the second country which performs most imports and exports is the
United States. The United States has ranked 2nd in imports and 3rd in exports making its
overall rank in both imports and exports as second (World Trade Organization, 2014).
The probable reason for the developing Asia to be at the top in both imports and
exports is China. China has provided for its currency more prominent slack to vary
against different currencies, and money related powers permitted the RMB to devalue by
1.5% against the dollar in the middle of January and March. Chinese powers have also
shown a yearning to slowly move their cash to more prominent convertibility (Global
Edge, 1994).
Exercise 2
Potential Suppliers of wine
Every country has its own culture and tradition. Different cultures imply different
food items as diversity develops variety in food. Also, a country’s food items depend on
what kind of environment and weather conditions prevails in that country (Verma &
Pullman, 1998). Being the owner of the premium restaurants in the United States, I have
understood the taste of various peoples and tourists. Australian wines are world famous;
therefore, I have decided to import Australian wines for my restaurant chains.
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RESEARCH EXERCISES
On going through the Australian Supplier directory, I have found the four
potential wine producers and suppliers in Australia. They are:
1. Coe & Co. Wines
2. Vintage Services Australia Pty Ltd.
3. Toorak Winery Pty Ltd.
4. Irvine Wines (Global Wine & Spirits, n.d.).
The list of Criteria used to select the Supplier
The following is the criteria used to select the supplier amongst the above four suppliers
to import wine from Australia in the United States:
1. Cost: The overall cost including the transportation cost, after importing wine
from the Australian company should be less so that more profit can be managed
over it.
2. Product Standards: The premium wine should be quality product and importing
it from Australia must satisfy the regular customers of the restaurants.
3. Australia and the United States’ import and export laws: The import and
Export laws, custom duty and exercise duty on the wine should be least for that
brand of wine (Verma & Pullman, 1998).
4. Interest of the supplier and its previous delivery statistics: The delivery and
trust on the supplier’s nature of shipping wines on time without delay.
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RESEARCH EXERCISES
References
Global Wine & Spirits. (n.d.). GWS Trade directory. Retrieved from <
http://www.globalwinespirits.com/trade-directory/WINE_PRODUCER-AU-dgen.jsa >
Global Edge. (1994). Get Global Insights. Retrieved from <
http://globaledge.msu.edu/global-insights >
Verma, R., & Pullman, M. E. (1998). An analysis of the supplier selection
process. Omega, 26(6), 739-750.
World Trade Organization. (2014). Modest trade growth anticipated for 2014 and
2015 following two year slump. Retrieved from <
http://www.wto.org/english/news_e/pres14_e/pr721_e.htm >
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