Research Paper on:
International Trade Sanctions Analysis

Unformatted Sample Text from the Research Paper:
well as the winners and losers from tariff barriers to trade. The net gains and losses due to tariffs and the impact of demand and supply elasticity on the  burden imposed by tariff barriers are explained as well. ABOUT NAFTA AND INTERNATIONAL TRADE NAFTAs primary objectives were to do away with tariff and non-tariff barriers so that trade  might commence between countries with such commodities as textiles, apparel, agriculture, electronics and automobiles. NAFTA was to also prove instrumental in eliminating investment obstacles like screenings and performance requirements  in order to make the process that much easier to access. Essential to the formation of NAFTA was to be the tremendous economic opportunities it was expected to offer  in numerous industry sectors. GAINS FROM TRADE The relative attractiveness of foreign goods to U. S. buyers, and of U. S. goods to foreign buyers, depends in part  on the exchange rate, the ratio at which two currencies are traded for each other. First, for any pair of countries there is a range of exchange rates that  can lead automatically to both countries realizing the gains from specialization and comparative advantage. Second, within that range, the exchange rate will determine which country gains the most from  the trade. In other words, exchange rates determine the terms of the trade. NAFTA supporters contended that the treatys implementation would serve to increase North American economic integration.  "As the Agreement enters into force, North American businesses and consumers will be presented with new opportunities and challenges for trade and investment" (Anonymous, 1994, PG). The Agreement has  been heralded as a means by which to continue similar efforts that focused upon hastening trade by way of regional agreements. It was surmised that incorporation of NAFTA into