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Theresa May given stark warning about leaving customs union

Theresa May given stark warning about leaving customs union | International Trade and Multinationals | Scoop.it

Cabinet ministers have been given detailed warnings that the UK pulling out of the EU customs union could lead to a 4.5% fall in GDP by 2030 and the clogging up of trade through Britain’s ports.

 UK hard Brexit pullout risks big fall in GDP and trade gridlock at ports, cabinet committee told.

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What are the Brexit options?

What are the Brexit options? | International Trade and Multinationals | Scoop.it
A look at the different options for the UK's relationship with the European Union after Brexit.
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What will Brexit mean for different sectors and their EU workers? - BBC Newsnight

Helen Thomas reports from Cornwall on the impact of Brexit on key industries and the migrant workforce they employ.

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Chain of Reasoning - The Terms of Trade

​This short exam technique video looks at building chains of reasoning to answer a question: 

Explain two economic effects of an improvement in the terms  of Trade

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Tata Steel: government offers to part-nationalise UK plants

Tata Steel: government offers to part-nationalise UK plants | International Trade and Multinationals | Scoop.it
Ministers prepared to take minority stake of up to 25% and offer debt financing to private buyer, in effort to save business
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Britain shouldn’t get too excited by the prospect of a trade agreement with Donald Trump

Britain shouldn’t get too excited by the prospect of a trade agreement with Donald Trump | International Trade and Multinationals | Scoop.it

Trade deals have assumed fresh importance since Theresa May confirmed this week that Britain would leave the EU’s single market and customs union, allowing it to sign trade agreements of its own. Unfortunately the probable benefits of a deal with the Donald are underwhelming—especially for Britain.

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TTIP: The EU-US trade deal explained - BBC News

TTIP: The EU-US trade deal explained - BBC News | International Trade and Multinationals | Scoop.it

The EU and US are negotiating a deal which they say will free transatlantic trade and boost growth but critics warn is dangerous.

The Transatlantic Trade and Investment Partnership, is primarily a deal to cut tariffs and regulatory barriers to trade between the US and EU countries, making it easier for companies on both sides of the Atlantic to access each other's markets.

 Industries it would affect include pharmaceuticals, cars, energy, finance, chemicals, clothing and food and drink

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Chlorine chicken, hormone beef? European fears over TTIP

Chlorine chicken, hormone beef? European fears over TTIP | International Trade and Multinationals | Scoop.it
On a velvety green patch of the French countryside, organic farmer Jean Cabaret gives a little shudder. A looming trade deal with the United States, he fears, may make his worst culinary nightmare come true: an invasion of Europe by American “Frankenfoods”.

“Hormone-boosted beef. Chlorine-washed chicken. Genetically altered vegetables. This is what they want for us,” warned Cabaret, standing before his majestic herd of free-range cows. “In France, food is about pleasure, about taste. But in the United States, they put anything in their mouths. No, this must be stopped.”

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Trans-Pacific Partnership: What is it and what does it mean? BBC News

The US, Japan and 10 other Pacific rim countries have signed a controversial and sweeping trade agreement that covers about 40% of the world economy. The Tra...
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TPP: What is it and why does it matter? - BBC News

TPP: What is it and why does it matter? - BBC News | International Trade and Multinationals | Scoop.it
The Trans-Pacific Partnership is one of the most ambitious free trade agreements ever attempted. But why does it matter?
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The second wave

The second wave | International Trade and Multinationals | Scoop.it

HAS China arrived at its Rockefeller Centre moment? In the late 1980s as Japan’s miracle economy was soaring, the Mitsubishi Estate Company bought the Rockefeller Centre in Manhattan, a landmark complex built by the eponymous oil and banking clan. Alas, Mitsubishi had to sell, at a big loss, after Japan’s asset bubble popped. Now it is Chinese firms that are seeking such trophies in New York.

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BBC NEWS - Bhopal remembers toxic gas leak

BBC NEWS - Bhopal remembers toxic gas leak | International Trade and Multinationals | Scoop.it

Relatives of those killed by the Bhopal toxic gas leak in India have gathered, 20 years later, at the scene of the world's worst industrial accident. Thousands died on 3 December, 1984, and for years after the leak at Union Carbide's chemical plant in the city.

 

 

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Mining firms face scrutiny over Congo deals

Mining firms face scrutiny over Congo deals | International Trade and Multinationals | Scoop.it
Campaigners argue natural resources exploited to benefit multinationals rather than local population
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Brexit: All you need to know

Brexit: All you need to know | International Trade and Multinationals | Scoop.it
A guide to how the UK will leave the European Union after the 2016 referendum.
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Impact of Brexit on finances 

Impact of Brexit on finances  | International Trade and Multinationals | Scoop.it

The unexpected – and unplanned for – Leave vote cast when over 70% of the UK electorate last week turned out to vote has cast financial markets and Forex markets into meltdown, given a virtual carte blanche to far-right extreme racist activity, triggered the worst UK constitutional crisis in living memory, and, more worryingly for the average households, is likely to significantly hurt UK consumer finances and UK government finances over the next 2 to 5 years as an absolute minimum

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EU agrees biggest trade deal with Japan

EU agrees biggest trade deal with Japan | International Trade and Multinationals | Scoop.it

The European Union and Japan have agreed terms for a free trade deal set to create the world's biggest open economic area. The deal - the largest struck by the EU - is expected to liberalise almost all trade between the bloc and the world's third-largest economy.

The agreement is a challenge to the protectionism championed by US President Donald Trump.

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Britain's steel industry: What's going wrong? - BBC News

Britain's steel industry: What's going wrong? - BBC News | International Trade and Multinationals | Scoop.it
The BBC's Tim Bowler looks at why Britain's steel industry is in such trouble with so many jobs being lost - and asks is it really all the fault of the Chinese?
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Is free trade good or bad? - BBC News

Is free trade good or bad? - BBC News | International Trade and Multinationals | Scoop.it

Free trade is something of a sacred cow in the economics profession. Moving towards it, rather slowly, has also been one of the dominant features of the post-World War Two global economy. 

Now there are new challenges to that development. The UK is leaving the European Union and the single market - though in her speech this week, British Prime Minister Theresa May promised to push for the "freest possible trade" with European countries and to sign new deals with others around the world.

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Trade Blocs - YouTube

This video gives an overview of the types of trade agreements, or trade blocs. .

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Global Clothing Exports

This short revision video looks at the changing pattern of global exports of clothing since 1980. 

China dominates world export sales with a 38% share in 2015 but countries such as Vietnam, Bangladesh, Turkey, Indonesia and Cambodia have a growing and in some case a significant global share, in part the result of high levels of inward FDI.

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In 2016, let's hope for better trade agreements - and the death of TPP

In 2016, let's hope for better trade agreements - and the death of TPP | International Trade and Multinationals | Scoop.it

In 2016, we should hope for the TPP’s defeat and the beginning of a new era of trade agreements that don’t reward the powerful and punish the weak. 

The Trans-Pacific Partnership may turn out to be the worst trade agreement in decades.

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What is TTIP? And six reasons why the answer should scare you -The Independent

What is TTIP? And six reasons why the answer should scare you -The Independent | International Trade and Multinationals | Scoop.it
The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement, TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations.
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Rating: **

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How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner

How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner | International Trade and Multinationals | Scoop.it

A hidden bounty of benefits for Foxconn’s plant in Zhengzhou, the world’s biggest iPhone factory, is central to the production of Apple’s most profitable product.

The local government has proved instrumental, doling out more than $1.5 billion to Foxconn to build large sections of the factory and nearby employee housing. 

It paved roads and built power plants. It helps cover continuing energy and transportation costs for the operation. It recruits workers for the assembly line. It pays bonuses to the factory for meeting export targets.

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Nestlé to axe 300 UK jobs and move Blue Riband production to Poland

Nestlé to axe 300 UK jobs and move Blue Riband production to Poland | International Trade and Multinationals | Scoop.it

Nestlé is cutting up to 300 jobs in the UK and switching production of the Blue Riband chocolate bar to Poland, a move that has angered unions.

The Swiss confectioner said most of the jobs would be lost in Newcastle and York, during 2017-18, but that its sites in Halifax, West Yorkshire, and Girvan, Ayrshire, would also be affected.

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South Africa: Killing of 34 Marikana Mine Strikers - The Role of British Company Lonmin

South Africa: Killing of 34 Marikana Mine Strikers - The Role of British Company Lonmin | International Trade and Multinationals | Scoop.it

15 months on from the massacre, executives from British-owned Lonmin, which counts the Church of England Commissioners and several UK borough councils among its shareholders, have not yet been called to appear before the official commission of inquiry into the massacre.

Now, evidence examined by the Bureau of Investigative Journalism raises new and potentially damaging questions about the relationship between Lonmin, the company at the centre of the strike, the police and the government

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