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UK and the European Union

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BTECLevel 4 Professional Diploma in International Trade

Unit of measurementNO: 5Unit of measurementTitle: International Business

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ASSIGNMENT NO: 1

ASSIGNMENT Title: GB International

Unit of measurementResult COVERED:

5.1 Understand how theUnited kingdomis affected by being a member of theEuropean Union.

5.2 Understand theinternational concern environmentand howcultural differencesaffect international trade.

Scaling OPPORTUNITIES AVAILABLE

Outcomes/ Grade Forms

P5.1

P5.2

P5.3

P5.4

M1

M2

M3

D1

D2

D3

i?-

i?-

i?-

i?-

Date Set:29/04/14Due Date:18/07/14

Student:___________________________________________

OUTCOMES/GRADE DESCRIPTORS ACHIEVED ( delight tick )

Outcomes/ Grade Forms

P5.1

P5.2

P5.3

P5.4

M1

M2

M3

D1

D2

D3

Declaration of Authenticity

Hand-in policy:

You must show this appraisal on or before the specified day of the month. If you experience troubles you must inform your unit coach.

Late work policy:Due consideration will be given to pupils who have good ground for late entry due to illness or other causes. The unit coach has the right to analyze pupils assignments by oral voce in add-on to the appraisals specified.

Plagiarism:The college takes a really serious position of the usage of unjust agencies to heighten public presentation. All beginnings used must be decently referenced in the text and listed in the bibliography.

You must declare that this appraisal is your ain work when you submit by subscribing the statement below:

“I declare that this assignment is my ain work. I am cognizant that plagiarism is a serious offense and the punishments severe.”

Learner’s name and signature: ………………………… .

Date: …………………

Assignment Brief

Scenario

States throughout the universe have become progressively cognizant of the demand to merchandise internationally. With such a planetary platform, it is of import for concerns to take full advantage of the chances available. The expansion of the European Union ( EU ) has enabled more states to transport out trade. The BRICS (Bacillusrasil,Roentgenussia,India,China andSecondouth Africa ) states have added a new dimension to planetary trading.

UK and most of the states throughout the universe have to the full embraced this new international trading environment. However, concerns administrations in several states need to to the full understand the benefits and jobs that may originate as a consequence of international trading.

Puting up a foreign office means disbursals for staff, concern revenue enhancements, public-service corporation measures and many other disbursals, including travel. These costs can be avoided by if one exports without go forthing place. Distributors and Partners handle the necessities in the finish markets and are offered all the aid via telephone, cyberspace, Skype and electronic mail without the demand to go and pass hard currency on staff in an abroad office. Gross saless can increase when non encumbered by high fixed cost disbursals. This ‘arm’s length’ concern theoretical account can work really good with enthusiastic distributers. What’s the secret of exporting without a foreign office? Your merchandise needs to procure a 40 per cent monetary value premium to cover 3rd party distributer and transportation costs and the remainder covers your UK based costs and net income. What if you don’t hold a distributer yet? Travel on the Internet, find person in the trade and direct them a nexus to your YouTube channel which explains your merchandise. No bricks and howitzer so this attack to exporting costs nil but your clip. Distributors will besides desire exclusivity but don’t give it officially. You should work on order per order footing and both parties can walk off. So there are ‘no strings’ attached.

Your local Chamber of Commerce subdivision has contacted you ( as person who is presently transporting out extended surveies in international trade ) and asked you to bring forth a comprehensive papers titled ‘GB International’ . You will transport out research into UK and foreign concerns and analyze how these trade internationally.

Note: This assignment screens Unit 5 – Learning Outcomes 5.1 and 5.2

Coach Notes

  • Your assignment should be handed in by the deadline.
  • This assignment must be your ain work and original. You confirm that no portion of this assignment has been plagiarised in any manner.
  • All beginnings of mention must be included utilizing the Harvard System
  • You will be expected to look into spelling errors and grammar

Undertakings

Undertaking 1

Your first undertaking is to supply the members of the Chamber with up to day of the month information on EU and its impact on states which are portion of the Union.

  1. Carry out research into the past and current province of the EU.Describe the nature and intent of the EU. Produce a presentation on this topic, which will be delivered to the members of the Chamber.
  2. The EU has in the past and is invariably conveying new ‘directives’ . Produce an up-to-date mini usher on EU directives which impact on UK domestic and international trade.
  3. Since its creative activity, the EU has seen a gradual enlargement in its composing. Several East European states have become members. Other states such as Turkey are taking to go portion of the EU community. The enlargement has assorted effects on the member provinces. Write a study researching the effects of the enlargement of the EU on the UK and other member states. In your study, guarantee you take into consideration the particular involvements of your local Chamber of Commerce members with respect to the EU.

Undertaking 1 screens assessment standards 5.1.1, 5.1.2 and 5.1.3

Undertaking 2

International trading has led to different ways of transporting out concern. The UK and states around the universe have embraced the new ‘globalisation’ phenomenon. However, since states have their ain individualities, it is non ever easy to transport out concern on an international degree. Members of your local Chamber of Commerce have nevertheless, shown an involvement in subscribing to ‘globalisation’ .

  1. Make a series of postings that could be used during an unfastened eventide with a subject of ‘International trading, globalization and outgrowth of transnational corporations’ .
  2. Carry out research into states which are presently transporting out concern internationally. Using illustrations and facts from your study, compose a study on cultural differences and barriers to international trade.

Undertaking 2 screens assessment standards 5.2.1, 5.2.2 and 5.2.3

Undertaking 3

Refer to the study that you produce in undertaking 1c. Following new member provinces fall ining the EU, European companies hope to profit from this. Transport out farther research researching the chances of European companies.

a ) Amend your study from undertaking 1c and add excess subdivisions to depict the chances that you have identified for European companies. Ensure that members of your local Chamber of Commerce are able to understand the possible benefits of these chances.

Undertaking 3 screens assessment standards 5.2.4

Translation of the general scaling standards to this assignment

Outcomes 5.1 & A ; 5.2

Base on balls

5.1 Understand how the UK is affected by being a member of the European Union

5.2 Understand the international concern environment and how cultural differences affect international trade.

  1. Describe the nature and intent of the EU
  1. Identify EU directives that impact on UK domestic and international trade
  1. Explore possible effects ( for the UK and other

EU members ) of the enlargement of the EU

  1. Explore alterations in the nature of international trading companies including globalization and the outgrowth of transnational corporations
  2. Investigate the consequence of cultural differences on international trade
  3. Identify the chief barriers to international trade
  4. Research how chances for European companies are

increased as a consequence of the EU

Merit

Present and communicate appropriate findings

M3

Information about EU and international concern environment has beenanalysedand presented to members of the Chamber of Commerce in different formats.

The manner of presentation must accommodate different demands and audience.

AnalysedInformation including facts and figures are clear, concise and coherent and turn to the demands of members.

Differentiation

Use critical contemplation to measure ain work and

justify valid decisions

D1

Carefulrating and justificationof information collected on EU and international concern.

An rating of EU’s directives and cultural differences and how these impact on organisations be aftering to merchandise internationally. This must take to accurate determinations made by members of the Chamber of Commerce.

COLLEGE OF CENTRAL LONDON

BTECLevel 4 Professional Diploma in International Trade

Unit of measurementNO: 4Unit of measurementTitle: International Business

ASSIGNMENT NO: 1

WILAWAN MCALLISTER

ASSIGNMENT Title: GB International

Content

Undertaking 1C

Since its creative activity, the EU has seen a gradual enlargement in its composing. Several East European states have become members. Other states such as Turkey are taking to go portion of the EU community. The enlargement has assorted effects on the member provinces. Write a study researching the effects of the enlargement of the EU on the UK and other member states. In your study, guarantee you take into consideration the demands of your local Chamber of Commerce members with respects to the EU.

Undertaking 1

C )Write a study researching the effects of the enlargement of the EU on the UK and other member states. In your study, guarantee you take into consideration the demands of your local Chamber of Commerce members with respects to the EU.

Report

To:Chamber of Commerce Members

From:Wilawan McAllister

Subject:The Expansion/Enlargement Of the European Union

This study sets out the examine the history of European Union expansion and the effects of continued EU expansion to the UK and other EU meneber provinces.

European Union Expansions

The European Union ( EU ) was formed through the inclusion of member provinces, which began with the Inner Six, who formed the European Coal and Steel Community ( ECSC ) in 1952. Recently, the EU ‘s rank has grown 28 and completed with Croatia who joined the EU in 2013. The EU has the possible to spread out farther with other states interested in rank such as the Turkey, Kosovo and other former Soviet brotherhood provinces. The map below shows the expansions and possible hereafter expansions of the EU.

Map of EU Member provinces and Potential Enlargement

Member provinces

Campaigners: Albania, Macedonia ( formal campaigners ) , Iceland ; Montenegro, Turkey, Serbia, ( EU entry dialogues )

Potential campaigners who did non use for rank: Bosnia, Kosovo* ( position disputed ) and Herzegovina

European Union Neighbouring States

EU neighboring states including North Africa states through their historic ties to European states may in the future want to hold closer ties to the EU. The Treaty of Maastricht ( Article 49 ) , prescribes that anyEuropean statethat respects the rules of the European Union has the possibility to bespeak consideration for rank. Widening rank to non European states is non mentioned, though an exclusion has already been made for Cyprus and has been seen by some for provinces as puting a case in point. EU Neighbouring contries are shown on the map below.

Map of EU Neighbouring States

European Union

Official campaigners

European Neighbouring Countries

Some non-European states have different makings of integrating with the EU specified by understandings, which allow a certain sum of trade with the EU but do supply rank to the EU.

Membership of the European Union

To obtain rank to the EU, the state needs to follow economic and political status which refered to as the Copenhagen standards, that require stable political under democratic authorities and regard to regulation of jurisprudence, its corresponding freedom and establishments. Sing to the Maastricht Treaty, each current EU member and the European Parliament must agree to any enlargement.

Sing to the EU pacts, the EU ‘s rank is unfastened to any European State which respects its values and is committed to advancing them. The values include “ respect for human self-respect, freedom, democracy, the regulation of jurisprudence and regard for human rights, equality, which include the rights of individuals belonging to minorities. ”

The Madrid European Council has revise the rank standards and included a status for the member state integrating to allow of its administrative constructions in December 1995. It is important that European Community statute law is automatic in state statute law, it is of import that the revision is implement effectual through appropriate administrative and juridical constructions.

Given the conditions setforth for rank of the EU it is improbable that the bulk of non-european states would be able to run into the demands and therefore it is likely that the bulk of EU neighboring states would non qualifiy for EU rank if this option existed.

Continued Enlargement of the EU

Expansion of the EU has been one of the its most successful foreign policies, supplying economic streght to the brotherhood and leting political influence in states whishing to obtain rank. However expansion has been the topic of resistance from its origin with Gallic President Charles de Gaulle opposed to British rank fearing that this would take to act upon from the USA. French President Francois Mitterand was ab initio unsupportive of the Greek, Spanish and Portuguese applications for consideration for rank, fearing that the states would non be able to run into the rank criterea and he feared that the EU would merely go a free trade country.

The pemise for constitution of the EEC and its initial enlargement was by and large considered to be soley economic. The 2nd and subsequent expansions were more political every bit good as economical and included inclusion of the southern Mediterranean states and former Soviet axis states which had adopted demoracy which the EU whished to promote. Due to the recent big expansions to the EU, the general public sentiment of a figure of EU states including the UK has turned against farther enlargement.

Consequences of EU Enlargement

The universe is progressively and spliting into trade axis. Economic human dynamos such as the European Union, and the United States, have each established trade axis with neighbouring states and deny trade entree to challengers. Exporting states in Asia Pacific have besides established trading axis which prodiminatley dressed ore on agricultural merchandises.

Free trade zones and trade axiss have the possible to make increased trade between the member states and this may be seen as a positive. Trade blocs nevertheless may make protectionist markets and may really impede international trade.

The chief ground for increasing the figure of member provinces of the EU is to set up a larger market combined with economic stableness. This will offer companies the chance to merchandise in a larger market and cut down the trade barriers presently faced between EU and non EU members by increasing the figure of EU members.

Presently, EU is considered to be the most powerful planetary trading brotherhood. The creative activity of the European individual currency adopted by the bulk of EU member provinces has led to closer economic links. Not all member provinces have signed upto the individual currency such as the UK which does non see the benefit of the individual currency. The EU has demonstrated protectionist policies with respects to agriculture, as it appears to keep the ideal that the EU should stay self-sufficing in agribusiness and therefore imposes bounds on agricultural imports from non-EU states. The European Union Trade Flow: exports $ 813bn, imports $ 801bn.The possible to merchandise with increased figure states with trade barriers removed, may ensue in increased trade for the current EU member provinces with positive economic affects.

The inclusion of farther provinces in European individual currency, which removes the hazard of exchange rate fluctuation for the member provinces which adopt the individual currency, may either stabilise or destabilize the EU individual currency. In the current universe fiscal state of affairs destabilsation is likely more likely.

Expansion of the EU to neighboring states may promote democracy and attachment to EU statute law in the neighbouring states, which inturn may better security within the EU.

Expansion of the EU to neighboring states would increase the figure of migratory workers able to go to the bing EU member provinces. This may heighten the accomplishment pool within the EU or could potentially drench bing labour markets.

Given the current security concerns the expansion of the EU and the free travel of it members may increase insecurity with the EU states.

The demand for international trade:

1. The demand for exchange of capital, goods and services.

2. Import and exports a important portion of GDP.

3. Industrialization, advanced transit, globalization, transnational administrations and outsourcing influence international trade.

4. Importing and exporting goods from factors of production.

5. The effects of comparative advantage.

6. The effects of absolute advantage e.g. crude oil non available except by import.

7. Supply and demand factors.

8. Cheaper Imports

Benefits to companies within the EU

1. The free motion of goods

2. The free motion of individuals

3. The free motion of services

4. The free motion of capital.

Decision

Expansion of the EU would potentially convey economic benefits to the UK and the current other EU member provinces. However enlargement may convey farther in-migration, instability to the EU individual currency and potentially farther insecurity to the EU.

If the EU does non see further enlargent so viing merchandising axis will go on to be formed which may promote protectionism and may ensue in a negative impact on international trade. To contradict this the EU or single member provinces may hold to follow single free trade understandings with viing trade axis.

The findings of a British Chamber of Commerce study of over 7500 companies concluded that UK concerns value free trade with other EU provinces. They are nevertheless likely to be doubting or diffident about the current degree of integrating in the EU and if it is good to their chances. The BCC study covered little, medium and big companies associating to their type of trading relationship with other EU member provinces. The companies surveyed when questioned on the type of trading relationship they would wish with Europe, over 50 % of the companies surveyed expressed no sentiment. The companies which did respond, 51 % of the exporting companies favour a ‘free trade area’ . Merely 31 % supported an ‘economic union’ . Over half ( 55 % ) of all companies which responded to the study were diffident which trading relationship with Europe would be of most benefit to them.

In drumhead it would look that farther expansion of the EU would non look to be favorable with British companies and free trade understandings with non EU states would look to be the preferable option.

Mention

hypertext transfer protocol: //www.britishchambers.org.uk/press-office/press-releases/uk-businesses-want-more-free-trade-in-europe, -but-less-integration.html [ accessed 4.1.15 ]

hypertext transfer protocol: //www.revisionguru.co.uk/economics/blocsex.htm [ accessed 3.1.15 ]

hypertext transfer protocol: //www.revisionguru.co.uk/economics/blocsex.htm [ accessed 3.1.15 ]

hypertext transfer protocol: //en.wikipedia.org/wiki/Enlargement_of_the_European_Union [ accessed 9.1.15 ]

created/updated by: Raouf Nobeebux MSc MBCS CertED DipRSA

Cite this UK and the European Union

UK and the European Union. (2017, Jul 23). Retrieved from https://graduateway.com/uk-and-the-european-union/

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