Advantages of International TradeName XXXXXSchool XXXXXProfessor XXXXXClass XXXXXIntroductionThis discusses briefly the advantages of world-wide trade through humankind de chambre Trade composition (WTO ) rank and file using the petrochemical sedulousness of Saudi-Arabian Arabia as a causa in pointAdvantages of WTO MembershipSaudi Arabia has a comparative degree degree advantage of producing petrochemicals everywhere unknown competitors because of the relatively tuppeny approachd inputs e .g , feedstock - interior(prenominal) investors pay slight than the exporting price of feedstock since the house servant market does not necessitate an export marketing stage ( orbicular Investment menage , 2008 . With this cost advantage , the country gains more than from its membership to WTO through (1 ) increase international competitiveness of the petrochemical job . The tariff reduction requirement for all WTO members has clear distant markets , particularly tariff-protected markets like US and Japanese markets , to Saudi Arabian petrochemical exports . The cheaply-priced exports relative to the products of its alien competitors pee increased Saudi Arabia s export earnings on petrochemicals (Al-Sa doun , 2005 (2 )Improved domestic competitiveness of the petrochemical industry With decrease tariff , Saudi Arabia has opened its market to trade petrochemical products . This stimulates signifi tooshiet opposition among petrochemical producers as they manage for a overlap in the domestic market . This competition ensures products of low price and gamey quality that matches or even exceeds that of the world standards . In the short-term , this may result to a narrower profit brink on local sales simply will make head teacher the competitive capacity of Saudi petrochemical industry in the huge (Al Zuhd , 2005 (3 )Increased anti-dumping protection .
Saudi Arabia can use the WTO quarrel stoppage mechanism against any anti-dumping duties or other barriers in the foreign markets on its petrochemical exports of Saudi Arabia (Al Zuhd , 2005ReferencesAl-Sa doun , A (2005 . The advert of Saudi Arabia s introduction to WTO on petrochemical industries . Arab News . Retrieved June 23 , 2008 , from hypertext transfer protocol / web .arabnews .com ?page 6 sectionalization 0 article 74580 d 12 m 12 y 2005Al Zuhd , T (2005 , regrets 11 . Saudi Arabia s admission price to the World Trade nerve : a quick legal opinion of its stinting commercial allude . Saudi Commerce and economical Review . Zaywa . Retrieved June 25 2008 from http / web .zawya .com /printstory .cfm ?storyid ZAWYA436 l 000000 051211Global Investment endure (2008 . Petrochemical industry - Saudi Arabia economic and strategic outlook . Global Investment House stinting Report Retrieved June 24 , 2008 , from web .tradearabia .com /news /downloadmktreport .asp / seeded fake /Market_Ana lysis /Market_Analysis127 .docInternational Trade PAGE 3...If you call for to get a skillful phase of the moon essay, establish it on our website: Ordercustompaper.com
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