1) Describe a free trade agreement that your country is/was a part of. (History of the agreement; the date of commencement; and all countries involved)
– Japan and Mexico signed a bilateral free trade agreement in September 2004. It took effect in April 2005.
http://bilaterals.org/?-Japan-Mexico-&lang=en
https://www.jetro.go.jp/ext_images/_Reports/01/de4c8426d0f5ef97/20160097.pdf
2) Use a diagram to illustrate the FTA.
3) Discuss whether or not the FTA was a wise decision for your country.
– It is a wise decision for Japan. Japan relies on not importing but also exporting. Japan imports about 60 percent of its food each year. This is because Japan is relatively a small country in comparison with its population. In 2015 Japan exported $670B, making it the 4th largest exporter in the world. The most recent exports are led by Cars which represent 14% of the total exports of Japan. Since Japan can exports cars to Mexico freely, Japanese car companies creates more benefit for each of the cars and can develop the economy.
Protectionism:
1) Identify a protectionist policy your country has imposed. (tariff, quota, subsidy, administrative barrier etc…)
? Tariffs:
– In 2007, the average applied rate for all goods is 1.8 percent. Specifically, 10.1 percent for agricultural products, 4.6 percent for fish and fish products, and 1.7 percent for wood, pulp, paper and furniture. The WTO rate or EPA rate is applied when they are lower than the general rates
