Chapter-1-introduction-to-international-trade

SophieYuChapter1IntroductiontoInternationalTradeOrientationDiscussingactivitiesInternationaltrade–definitionsInternationaltrade–reasonsInternationaltrade–indicatorsLanguagepointsBusinesstermsAssignment–casestudyI.AnintroductiontothecourseLecturehours:40/32hsTotalcontents:21chaptersTeachingandstudyingmethods:lecture,discussion&casestudyPurposes:tolearnsomebasicknowledgeonInternationalTradeandskills.1.Basicconceptsofinternationaltrade2.generalproceduresofexportandimporttransaction:3.contractsforthesaleandpurchaseofinternationalcommodity4.tradeterms5.qualityofcommodity6.quantityofcommodity7.packingandmarkingofgoods8.priceofgoods9.deliveryofgoods10.cargotransportation11.cargoinsurance12.paymentofgoods13.disputes,claimandarbitration14.tradeforms-agency,tenders,countertrade,auctionande-commerceAssessment:Attendance10%;Presentation10%;Performance&Assignment10%;FinalExamination70%.Orientation-newsNewsReportTradeSurplustoExceedU.S.$250bin2007Reuters,Updated2007-05-2914:22SkimmingWhat?When?Who?Where?Why?How?China’stradesurpluswillreachU.S.250bIn2007theNationalDevelopmentandReformCommissionInternationallythelowcostoflaborandresources;deeprootedincentivesforexport-driveneconomicgrowth;strongglobaleconomyTocutexporttaxrebatesandraiseexporttaxesforhigh-pollutingandenergy-intensiveproductsDiscussingactivities1.WhatistheimplicationofsuchhugetradesurplusforChina?2.WhatdoyouthinkarethemajorcontributionstoChina’stradesurplus?3.Somepeoplehold“themoreexports,thebetterforChina”,doyouagree?Why,orwhynot?DefinitionInternationaltrade,alsoknownasworldtrade,foreigntradeoroverseastrade,isthefairanddeliberateexchangeofgoodsand/orservicesacrossnationalboundaries.Whydocountriestrade?reasonsResourcereasonsOtherreasonsPreferencereasonsEconomicreasonsHowisinternationaltrademeasured?IndicatorsBalanceofTradeForeigndirectinvestment(FDI)BalanceofPaymentLanguagepointsItconcernstradeoperationsofbothimportandexportandincludesthepurchaseandsaleofbothvisibleandinvisiblegoods,theformerofwhichiscalledtradeingoodswhilethelatterofwhichiscalledtradeinservicesinthewordofWTO.thatcanbeseen看到见withinthereachofsightMoststarsarenotvisibletothenakedeye.大多数量的星星肉眼看不到。BusinesstermsTradesurplusExporttaxrebatesNationalDevelopmentandReformCommissionEnergy-intensiveproductsTradefriction贸易顺差中华人民共和国国家发展和改革委员会高效能产品贸易摩擦出口退税Tradesurplus:Apositivebalanceoftrade,i.e.exportsexceedimports.oppositeoftradedeficit.Thebalanceoftrade(ornetexports,sometimessymbolizedasNX)isthedifferencebetweenthemonetaryvalueofexportsandimportsofoutputinaneconomyoveracertainperiod.Assignment-CasestudySupposethatanAmerica-basedmultinationalcompanysetuptwosubsidiariesinChina.Theparentcompanysignedasalescontractbetweenthesubsidiaries,whichstipulatedthattheparentcompanywouldmakethedeliverytooneofthesubsidiariesinShanghai,whichcouldforwardsomeofthegoodstoanothersubsidiaryatChengdu.Questions:Isthetransactionbetweentheparentcompanyandthetwosubsidiariesaninternationaltrade?