The members concerned are not always satisfied with the WTO`s actions. In 2002, for example, the Bush administration imposed a three-year tariff on imported steel. In deciding to oppose these rights, the WTO allowed the affected nations to impose counter-rights on certain politically sensitive American products, such as Florida oranges, Texan grapefruits and computers and Wisconsin cheese. Reluctantly, the administration has cancelled its steel tariff.29 Different cultures have different styles of communication, a fact that can be used to. For example, the degree of animation may vary from culture to culture. Southern Europeans and Middle Easterners are rather lively and prefer expressive body language, as well as hand gestures and high voices. Northern Europeans are much more reluctant. The English, for example, are famous for their discreet style and the Germans for their formality in most business circles. In addition, the distance you feel comfortable talking to someone varies according to your culture.
People in the Middle East like to chat remotely or less, while Americans prefer more personal space. Alliances range from informal cooperation agreements to joint ventures – alliances in which partners fund a separate entity (perhaps a partnership or a company) to manage their joint activities. Hearst, for example, has joint ventures with companies in several countries. Thus, in Israel, young women can read Cosmo Israel in Hebrew, and Russian women can record a Russian-language version of Cosmo that suits their needs. The U.S. edition serves as a starting point to which appropriate national material is added in each nation. This approach allows Hearst to sell the magazine in more than fifty countries.10 Free trade is encouraged by a series of agreements and organizations created to monitor trade policy. The two most important are the general agreement on tariffs and trade and the World Trade Organization. Why does the United States import automobiles, steel, digital phones and clothing from other countries? Why don`t we do it ourselves? Why do other countries buy wheat, chemicals, machinery and consulting services? Indeed, no economy produces all the goods and services that its citizens need. Countries are importers when they purchase goods and services from other countries; when they sell products to other nations, they are exporters. (Below, we`ll detail the import and export below. The monetary value of international trade is enormous.
In 2010, the total value of world trade in commercial goods and services amounted to $18.5 trillion.1 Imports (buying products abroad and reselling in one`s own country) and exporting (selling domestic products to foreign customers) are the oldest and most widespread forms of international trade. For many companies, importing is the main link with the global market. In U.S. supermarkets, for example, food and beverage wholesalers import bottled water from Evian and Fiji from their sources in the French Alps and Fiji.5 Other companies enter the global arena by identifying an international market for their products and becoming exporters.