by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is OPEC?The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization established to coordinate, unify, and solidify petroleum policies among member countries. OPEC was established in September 1960 between 5 oil-producing...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Agricultural Sector Investment Program (ASIP)?The Agricultural Sector investment (ASIP) was a project that started in March 1995 and ended in 2001. It was developed by the World Bank Group and 50% of its funds was primarily directed at agricultural...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Single Market?In a single market, there is a free flow of goods and services, free movement of labor and physical and intellectual properties for all concerned and freedom of movement. A working single market encourages competition and exchange, improves...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Asia-Pacific Economic Cooperation (APEC)?The Asia-Pacific Economic Cooperation (APEC), is a group of 21 big economies whose coalition was based on fostering economic growth and sustainable development among the member countries. APEC was established in...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Closer Economic Relations Trade Agreement?The Closer Economic Relations Trade Agreement is an agreement signed between the governments of Australia and New Zealand in 1983. This trade agreement is a comprehensive agreement that saw the establishment of a...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Anti-Diversion Clause?The anti-diversion clause is a federal law that prohibits exported products from being shipped to places not approved by the government. This means that there are authorized designations for exported goods, exporters are nor permitted...
