Overview
Trade Regulations and Industrial Policies
Discussion Question
Q- International Trade
International trade is subject to trade regulations and industrial policies. The Kingdom of Saudi Arabia is also subject to these regulations because of signed trade treaties or membership in various trade organizations. For this week’s discussion, please:
- Discuss Saudi Arabia’s participation in the World Trade Organization (WTO)and compare and contrast the Kingdom’s WTO involvement with its participation in the Gulf Cooperation Council, League of Arab States, and the Trade and Investment Framework Agreement (TIFA) Saudi Arabia signed with the United States.
- Which membership or trade agreement benefits Saudi Arabia the most?
Directions:
- Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
- Your initial post should address all components of the question with a 600 word limit.
Learning Outcomes
- Examine the history and purposes of trade regulation and policy.
- Describe the origins and workings of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO).
- Evaluate the activities of the WTO.
- Critically evaluate justifications for various trade regulatory and policy options.
Readings
Required:
Chapter 6 in International Economics
Hoekman, B. (2020). WTO reform priorities post-COVID-19. East Asian Economic Review, 24(4), 337-348. Retrieved from https://doi-org.sdl.idm.oclc.org/10.11644/kiep.eaer.2020.24.4.383
Trosic, J. (2019). China’s accession to the World Trade Organization: the process and the effects. Megatrend Review, 16(1), 173-192. Retrieved from https://doi-org.sdl.idm.oclc.org/10.5937/MegRev1901173J
Recommended:
Chapter 6 PowerPoint slides Chapter 6 PowerPoint slides - Alternative Formats
Cha, Y., & Koo, G. (2021). Who embraces technical barriers to trade? The case of European REACH regulations. World Trade Review, 20(1), 25-39. https://doi.org/10.1017/S1474745620000130