AJB/ASB 4405 – International Financial Management Assignment Sample 2024
a) Tariffs that restrict international trade
Tariffs make trade barriers for individual marketers that can directly impact domestic or international business. The actual price of the numerous products is systematically enhanced by the tariffs. Domestic consumers are the major factors of the business and the international market depends on the tariffs offered (Ocampo, 2018). Excessive tariffs are creating trade barriers for individual organizations that can create trade barriers for the organization.
WTO can easily impose international trade and around $7.5 billion international trade is restricted for excessive price of the tariffs. The negative effect on international trade is the tariffs. Individual policymakers are dependent on international trade which is restricted by the WTO. The deal was struck on June 2021, which will easily minimize substantial tariffs over the five years and almost $11.5 a billion trades are restricted by the WTO.
The advanced ideas of the policymakers are important to manage international deals which absorb tariffs related difficulties. Quotas, subsidies and primary policy of the tariffs can be controlled by the governments that engage import quality of the international trade. Due to high rates of tariffs, the government is trying to restrict international trade but numerous domestic consumers can suffer several difficulties.
Around $4 billion can be imposed by the WTO and also engage import quality of the business. Medium and small domestic business organizations do not afford high rates of tariffs. As a result, the WTO has approved almost$4 billion on transatlantic trade. The quality control system is based on international trade and depends on international trade (Weerathunga et al. 2020). Standard international financial reporting management depends on tariffs that enhance the quality control system of each product.
International borders make a difficult situation for import products that is the main reason for high rates of tariffs. During the import system, individual domestic consumers are confused due to the dynamic pricing of the product. Government policies are trying to reduce tariffs offered by using innovative ideas that easily engage product quality of international trade. A financial management system of the business depends on tariffs offered (Narziev, 2021). The quality control system can easily enhance international trade but is sometimes restricted by tariffs.
b) Impact on domestic producers and consumers
The microeconomic factors of the business depend on the international trade and tariffs which describe key patterns of the international business. Domestic producers and consumers are facing basic losses due to high rates of tariffs that enhance business loss as well as liabilities. The domestic business condition of the organization can be improved by using a quality control system that enhances the supply chain of the business.
The supply chain of the market depends on tariffs rates which effectively impact the domestic business. The tax rates of the business products are systematically enhanced for high rates of taxable amounts that describe the downfall situation of the market. During the high rates of tariffs, WTO has decided to minimize maximum tariffs for five years on transactional trade of the international market. Around $11.5 billion of transaction trade can be restricted by WTO which reduces the taxable amount on international trade.
The consumers of domestic products are trying to reduce subsidiary and tariffs to minimize business losses. The international market can be enhanced by the tariffs and domestic businesses are facing major business losses. The business sales and revenue depends on innovative ideas of WTO and individual business organizations can minimize maximum business losses by the restricted policy on tariffs.
The economic downfall is described by the international market trade and domestic consumers are confused due to huge losses. During identifying the financial losses of the organization, basic knowledge of international market trade is enhanced by the high taxable amount but which has an impact on the domestic market. The international laws of the financial condition depend on tariffs which is the main reason for financial loss (Narziev, 2021). During international trade, WTO has imposed worth $7.5 billion of international sales which is to minimize substantial tariffs.
Individual tariffs policies of the international market are systematically enhanced and are imposed by the WTO. The economical barriers of the business are enhanced by the international market and individual domestic producers are confused due to excessive financial losses.
Individual domestic markets are confused due to financial losses which are involved by the tariffs. Domestic consumers and producers are facing business losses due to enhancing international tariffs. The macroeconomic condition of the business is systematically enhancing international market trade.
c) Deal at the start of this document
In July 2021, a deal was held between the policymakers and the airlines’ industry which imports numerous aircraft from the outsides of the domestic market. There are numerous difficulties to import products from the international market such as high rates of tariffs, subsidiary quota and high tax rates. The financial condition of the domestic market can be reduced by high rates of tax and which describes the entire system of the international market.
The deal was struck in July 2021, between the airline industry and policymakers but high rates of tariffs are gradually decreasing the financial condition of the domestic market. The quality control system of the products systematically impacts the decision making process of policymakers to enhance basic rates of business. Innovative ideas are sometimes involved by the WTO to reduce tariffs on financial conditions (Lucey et al. 2018).
The World Trade Organization has decided to eliminate the basic difficulties of domestic trade and impose a $7.5 billion international trade restriction.
Substantial tariffs can be reduced by WTO which is stuck on the transatlantic sales of international markets. Around $11.5 billion of trade can be imposed by WTO which reduces financial difficulties of the domestic market over the five years. Domestic businesses are directly affected by the financial barriers of the international market (Suryanto and Komalasari, 2019).
WTO has followed some mandatory roles to eliminate financial problems as well as losses. The pattern of international market trade can be impacted by the policymakers who depend on the systematic process of the market. Sometimes the domestic economy can be improved by using the quality control system of the international market which is enhancing the supply chain process. Individual domestic producers and consumers are confused by the global trade of the international market.
d) Deal with own views
I believe that barriers to international trade are minimized by the protection plans of the domestic market as well as world trade organizations. The basic price of the product can be enhanced by the high rates of tariffs and which directly reduces the basic profitability of the domestic producers as well as consumers (Prihartono and Asandimitra, 2018).
International business can include basic difficulties and a protectionism plan is useful to engage numerous suppliers of the international market. During the deal, WTO was trying to impose worth $7.5 billion of international sales on transatlantic trade. The foreign tariffs policy and subsidiaries quota involve a negative impact on the domestic market which is enhanced by the high prices rates and trade barriers (Ibanichuka and Asukwo, 2018). I also believe that international trade barriers are enhancing the basic price rates of international products.
Reference list
Bussière, M., Schmidt, J. and Valla, N., 2018. International financial flows in the new normal: Key patterns (and why we should care). In International macroeconomics in the wake of the global financial crisis (pp. 249-269). Springer, Cham. Available at: https://link.springer.com/chapter/10.1007/978-3-319-79075-6_13
Ibanichuka, E.A.L. and Asukwo, I.S., 2018. International financial reporting standards adoption and financial performance of petroleum marketing entities in Nigeria. International Journal of Advanced Academic Research Accounting & Economic Development, 4(2), pp.1-15. Available at: https://tsue.scienceweb.uz/index.php/archive/article/view/3521
Lucey, B.M., Vigne, S.A., Ballester, L., Barbopoulos, L., Brzeszczynski, J., Carchano, O., Dimic, N., Fernandez, V., Gogolin, F., González-Urteaga, A. and Goodell, J.W., 2018. Future directions in international financial integration research-A crowdsourced perspective. International Review of Financial Analysis, 55, pp.35-49. Available at: https://www.sciencedirect.com/science/article/pii/S1057521917301436
Narziev, O., 2021. The Perspectives Of The Establishment Of International Financial Centers In Uzbekistan And The Implementation Of English Law. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(4), pp.1104-1108. Available at: https://www.turcomat.org/index.php/turkbilmat/article/view/622
Ocampo, J.A., 2018. International asymmetries and the design of the International Financial System 1 (pp. 45-74). Routledge. Available at: https://www.taylorfrancis.com/chapters/edit/10.4324/9781351323765-2/international-asymmetries-design-international-financial-system-1-jos%C3%A9-antonio-ocampo
Prihartono, M.R.D. and Asandimitra, N., 2018. Analysis factors influencing financial management behaviour. International Journal of Academic Research in Business and Social Sciences, 8(8), pp.308-326. Available at: https://m.masccom.com/www/papers_submitted/4471/Analysis_Factors_Influencing_Financial_Management_Behaviour.pdf
Seabrooke, L. and Tsingou, E., 2021. Revolving doors in international financial governance. Global networks, 21(2), pp.294-319. Available at: https://onlinelibrary.wiley.com/doi/abs/10.1111/glob.12286
Suryanto, T. and Komalasari, A., 2019. Effect of mandatory adoption of international financial reporting standard (IFRS) on supply chain management: A case of Indonesian dairy industry. Uncertain Supply Chain Management, 7(2), pp.169-178. Available at: http://growingscience.com/beta/uscm/2967-effect-of-mandatory-adoption-of-international-financial-reporting-standard-ifrs-on-supply-chain-management-a-case-of-indonesian-dairy-industry.html
Weerathunga, P.R., Chen, X. and Sameera, T.K.G., 2020. Heterogeneity in earning management of listed companies following international financial reporting standards convergence: a developing country experiences. International Journal of Economics and Financial Issues, 10(1), p.101. Available at: https://www.researchgate.net/profile/Prageeth-Weerathunga/publication/338015590_Heterogeneity_in_Earning_Management_of_Listed_Companies_Following_International_Financial_Reporting_Standards_Convergence_A_Developing_Country_Experiences/links/5dfa4dd792851c8364857b6d/Heterogeneity-in-Earning-Management-of-Listed-Companies-Following-International-Financial-Reporting-Standards-Convergence-A-Developing-Country-Experiences.pdf
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