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INTERNATIONAL TRADE

Presented by:

Marouane GHFIRI

outline
DEFINITION HISTORY ADVANTAGES AND DISADVANTAGES EXAMPLES OF TRADE ORGANIZATIONS INTERNATIONAL TRADE IN MOROCCO VIDEOS CONCLUSION

DEFINITION
International trade is exchange of capital, goods,and services across international borders or territories. It refers to exports of goods and services by a firm to a foreign-based buyer (importer)In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history its economic, social, and political importance has been on the rise in recent centuries.

Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization.

HISTORY
The

history of international trade chronicles notable events that have affected the trade between various countries. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.

ADVANTAGES TO CONSIDER:
Enhance your domestic competitiveness
Increase sales and profits Gain your global market share Reduce dependence on existing markets Exploit international trade technology Extend sales potential of existing products Stabilize seasonal market fluctuations

Enhance potential for expansion of your business


Sell excess production capacity Maintain cost competitiveness in your domestic market

Disadvantages to keep in mind:


You may need to wait for long-term gains
Hire staff to launch international trading Modify your product or packaging Develop new promotional material Incur added administrative costs Dedicate personnel for traveling Wait long for payments Apply for additional financing Deal with special licenses and regulations

EXAMPLES OF TRADE ORGANIZATIONS

NAFTA
The North American Free Trade Agreement or NAFTA is an agreement signed by the governments of the United States, Canada, and Mexico creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada-United States Free Trade Agreement between the U.S. and Canada. In terms of combined purchasing power parity GDP of its members, as of 2007[the trade block is the largest in the world and second largest by nominal GDP comparison.

CEFTA
The Central European Free Trade Agreement (CEFTA) is

a trade agreement between Non-EU countries in Central and South-Eastern Europe. Parties of agreement joined left :
Poland:1992/2004 Hungary:1992/2004 Czechoslovakia :1992/2004 Czech Republic:1992/2004 Slovakia:2004 Slovenia:1996/2004 Romania:1997/2007 Bulgaria:1999/2007
Croatia:2003 Macedonia:2006 Albania:2007 Bosnia :2007 Herzegovina:2007 Moldova:2007 Montenegro:2007 Serbia:2007

European Union
The European Union (EU) is an economic and political union of 27 member states ,located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht on 1 November 1993 upon the foundations of the European Communities With over 500 million citizens, the EU combined generates an estimated 30% share of the nominal gross world product and about 22% of the PPP gross world product.

INTERNATIONAL TRADE IN MOROCCO

Trade with the EU


Morocco's FTA with the EU, which was signed in 1996, entered into force in 2000 and is being incrementally implemented with the aim of creating an EU-Morocco free trade zone by 2012, noting that the abolition of tariffs on industrial goods has been a boon for Moroccan manufacturers as some 75% of Morocco's exports go to Europe. France is Morocco's largest trading partner, followed by Spain.

Trade with China


Morocco was the second African country to establish

diplomatic ties with China since the founding of the People's Republic in 1949. In trade and economic cooperation, the volume of bilateral trade has increased incessantly, reaching 1.16 billion US dollars in 2004,"Wu said. Noting marked results in bilateral cooperation such as in traditional fields like fisheries, agriculture, health and engineering projects. The heads of the parliaments of China and Morocco vowed in Rabat in 2005 to work for the further development of bilateral ties in all fields, including trade.

Trade with Africa


Morocco's trade with the African countries has jumped from $533 million in 1998 to around $3 billion in 2008, up 460%. This was facilitated thanks to opening by Morocco's carrier, Royal Air Maroc, of 27 links serving the continent's major cities as well as the existence in Africa of a number of Moroccan operators, especially Royal Air Maroc, mobile operator Maroc Telecom and Attijariwafa

CONCLUSION
International trade is a major source of economic revenue for any nation that is considered a world power. Without international trade, nations would be limited to the goods and services produced within their own borders.

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