Case Study: European Union (EU)

EU Economy
The process of framing EU policies focus on its capacity to respond to global challenges. The single market benefits from high-quality and transparent rules that make it possible to benefit from economies of scale. Competition in single market encourages businesses to provide high-quality products. EU does not rely on single mechanism to tackle trade barriers. EU’s multilateral cooperation is strengthened by bilateral Free Trade Agreements with ASEAN, Korea, India, the Andean and Central American countries.

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Snapshot: China’s Economic Growth

China Economy
The standard of living of Chinese in the years ahead will depend to a very large degree on the economic growth that they are able to maintain.

China is the world’s most populous country. China’s GDP is estimated to have grown at 9.9 percent in 2005. Inflows of foreign direct investment (FDI) into China totaled $86.1 billion in 2005.

China delinked its currency from the U.S. dollar in July 2005, resulting in an initial devaluation of 2.1 percent. Since the devaluation, the Chinese currency has appreciated about 1.4 percent against the U.S. dollar as of mid-July 2006.

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Outlook Japan: Role of JETRO in Japan and Overseas

JETRO - JapanJapan remains an export powerhouse, yet domestic consumption has increased in importance. This is a result of a strengthening economy, a more buoyant stock market, improving dividends, confidence from increased corporate profitability and other related trends. Compared to the past, the Japanese economy also is much more closely linked with Asia (both in terms of exports and imports) and Japanese firms now routinely consider India and Southeast Asian countries when evaluating investment destinations. Japan has become a key driver of growth in Asia as a market, investor, and source of knowledge.

The desire to revitalize Japan’s service sector is creating opportunities for U.S. and other foreign businesses and investors. Foreign businesses may be able to supply services that improve the productivity and efficiency of Japanese service providers. Businesses may also locate attractive opportunities as the Japanese government moves to deregulate, privatize, and liberalize in an effort to enhance the level of competition in Japan’s service sector as well as to bring in new ideas and methods.

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