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Business English Exercises
 

Trade Multilateralism

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Home > Teaching Business English > Business English Lessons, Advanced Level # 115
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trade multilateralism question 1
Multilateral trade agreements serve the interests of today's global production system in a way that the alternative — a ......... system of bilateral agreements — does not.


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470 Business English Exercises — Printable, photocopiable.
For use in a classroom, at home, on your PC or anywhere.

 vocabulary words: english nouns toeic test Expression: to find common ground
trade multilateralism question 2
Victor K. Fung gives his point of view as a businessman on what is at stake and why WTO negotiators have an interest in finding common ..........


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trade multilateralism question 3
Global rules ......... global production.


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 define perishable, compromise, company, examination, leakage, scope Ask a Teacher
trade multilateralism question 4
In the old days, manufacturing would be done "in-house", but manufacturing carries a completely different meaning today: products are no longer made ..........


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trade multilateralism question 5
Increasingly, production is ......... across different factories in different countries — it is becoming globalized.


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 word vocabulary games: noun adjective lists sat prep test IT and logistics help dissect the value-added process?
trade multilateralism question 6
Information technology and logistics help dissect the value-added process into ......... parts, with factories, locations and countries assigned for each stage according to their competitive advantage.


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trade multilateralism question 7
Over the past several years, we have seen ......... in Seattle and Cancn, with what appears to be a widening divergence of views between developed and developing countries, and a rise in bilateral trade agreements.


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trade multilateralism question 8
Bilateralism distorts the flow of goods: it ......... barriers, creates friction, reduces flexibility, raises prices and hinders companies' ability to bring new countries into the global production system. throws up breaks down bowls over stands on


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trade multilateralism question 9
Of particular concern are 'rules of origin', which define where a product is made and determine what kind of market ......... it will have.


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trade multilateralism question 10
With each new bilateral agreement, considerations relating to rules of origin multiply and become more complex in the ......... trade experts call 'the spaghetti bowl effect'.


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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 470 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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