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: US Wheat Export

Wheat Export Import
US exports more wheat than any other country in the world, with an average of 24% global market share. In the fiscal year 2006, America produced 57 million metric tons of wheat, out of which total US consumption was about 31 MMT and 27.5 MMT was exported. In the year 2007, the global wheat production dropped about 5 percent to 593 million metric tons (MMT), and consumption continuous to exceeded production since last seven years. The wheat trade dropped by 7 percent to 107 million metric tons (MMT) (3,946 million bushels). Canada has recently increased its share to 18 percent and Australian share has dropped to 8 percent.

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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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