General Agreement on Tariffs & Trade Research Paper

General Agreement on Tariffs & Trade - Research Paper Example Such direct and indirect non-tariff barriers can be suicidal to the interests of an exporting firm. It cannot run its business and the same applies to the importing country; if the importing country has alternative sources of getting the same product, it can manage but the exporting firm has to change its business planning strategy and need to find out new locations to export is stock, which can be dead stock if no other foreign marketplaces an order for the same produce. Management has to be always on the alert to take bold decisions as per the new reality. Scope and horizon of GATT are necessary to know before knowing the basic principles of GATT. GATT 1947 rules were framed to be applicable in trade of goods only. GATT 1947 played a dominant role in minimizing tariff and non-tariff barriers in world trade but worldwide problems were surfaced where GATT could not play a positive role in resolving the issues. Certain areas of business were not part of the GATT responsibilities like trade in services and agriculture-related issues of continuous quarrels among nations. Trade in textile and apparel was left out of the GATT scope because of the politically touchy nature of these industries. Left out of the scope of GATT were intellectual property rights issues. GATT could not succeed in controlling â€Å"unfair trade† practices ((Schaffer et al., 2009, p. 297). GATT 1994 came in effect to address the limitations of the previous agreement on trade. GATT 1994 included two most important agreements on WTO Final Agreement representing the Uruguay Round of Multilateral Trade Negotiations and the WTO Agreement Establishing the World Trade Organization. GATT 1994 included other than the earlier provisions of GATT 1947, a number of multilateral trade agreements on particular issues ((Schaffer et al., 2009, p. 297).

Requirement Analysis Essay Example | Topics and Well Written Essays - 750 words

Requirement Analysis - Essay Example These assumptions are being made for the problem tracking phase for BIA organization considering the various facts and measures collected in requirement elicitation phase. The assumptions made so far regarding the requirements collected are: This involves the operations of the business with regard to the constraints that it receives. BIA is supposed to be well aware of information its stakeholders have provided us about the organization and its financials as well. These are technical issues that are deemed to be affecting the business. Our group is supposed to value their working criteria’s and propose better solution for the problems encountered by BIA because we have selected this approach. These requirements involve the following collected data from BIA stakeholders. Through understanding of the constraints that are at hand, there is need to verify the requirements through the use problem tracking system that is viable to the business needs. All the requirements are verified on base of cross checking of their recorded illustrations. Further a details analysis is being done through their website and other case studies for exactness of collected data. Our group discussed the whole information gathered and performed analysis on the collected facts individually and then this data is merged together. All the gathered requirements are validated on the following results proposed by understanding overall working of BIA. Owing to the results gathered by detail analysis and information gathering from key stake holders the following solutions are proposed for the organization for more effective going of this