Export and Import Policies and Practices

Export and Import Policies and Practices

Pricing in International Trade Discussion

1.Part 1:Export & Import Policies and Practices: Chapter 7: Pricing in International Trade

Question: The large influx of shrimp imports into the United States from Asia and Latin America depressed wholesale prices by more than 40 percent between 1997 and 2002. Despite such lower prices, shrimp entrees at some sea food restaurants in the United States rose by about 28 percent during the same period. Discuss why prices (shrimp prices at sea food restaurants) are not aligned with costs. 150 words

Part 2: Case 8.2: China National Products versus Apex: 1000 words

China National is a Beijing-based corporation organized under the laws of China with specific foreign trading rights. It facilitates the import and export of goods between Chinese and foreign companies. Apex is a company incorporated in Ontario, California and engaged in the import and distribution of consumer electronic goods. In 2000, China National entered into a purchase agreement with Apex for the export of DVD players. The purchase agreement was formalized with the conclusion of several but substantially identical written contracts for the different types of player. Each contract contained two significant provisions:

a.in the event of nonconformity of the goods with the contract, Apex should claim for quality discrepancy within thirty days after arrival of the goods at the port of destination,

b.all disputes arising from the contract shall be submitted to a certain arbitration tribunal specified in the contract and the award is final and binding on both parties.

Apex imported and sold the products to major retailers such as Circuit City, Best Buy, and K-Mart. Soon after distribution of the imported goods, Apex began receiving reports from its retailers that consumers were dissatisfied with the quality of the DVD players: disk loaders did not open; they did not load after a DVD was inserted; they did not recognize certain music files; the front panel of the loader fell off, etc. Some were returned. In spite of these problems, Apex continued to place more orders with China National. It did, however, express its concerns to China National. Apex declined to pay China National claiming “financial troubles” as well as China National’s refusal to correct the defects. In an effort to obtain payment, China National wrote several letters to Apex threatening legal action. It eventually filed suit in California.

The central issue to be decided by the court was whether Apex had rejected the goods or, if it had not, whether it would later be relieved of liability. The court stated that if buyers accept nonconforming goods and do nothing, the law deems them to have accepted those goods. Apex’s actions in continuing to order and sell known defective goods constituted an acceptance of those goods. Such conduct of ordering and selling defective goods was inconsistent with the seller’s ownership and acceptance. It ordered Apex to pay for all unpaid invoices. (Source: 141 F. Supp. 2nd 1013. 2001 U.S. Dist.)

Questions

1.Is the contract governed by the CISG?

2.Do you agree with the decision of the court. Why/why not?

2.International Strategies Management: Assume you work for a New Zealand company exporting a container of kiwis to Haiti. The customs official informs you that there is a delay in clearing your container through customs and it may last a month. However, if you are willing to pay an “expediting fee” of US $200, he will try to make it happen in one week.

What would you do? Explain your reasoning for your decision. 150 words

 

3.Advanced Spreadsheet: Charts and Financial Data: 150 words

Using the Internet, conduct a thorough search for more information on using charts in Excel. Choose one bullet listed below and explain and also include a reason to use in your worksheet for your bullet from the following:

Session 4.1

Create a pie chart

Format chart elements

Create a line chart

Work with chart legends

Create a combination chart

Session 4.2

Create a scatter chart

Edit a chart data source

Create a data callout

Insert shapes and icons into a worksheet

Create and edit a data bar

Create and edit a group of sparklines

5.The Confident Writer:

Part 1:New Yorkers are characters. Jerry Seinfeld is a comedian, but he’s obsessed with cars. Maybe your dentist spends weekends as a competitive ice-dancing judge. Who knew that the guy who operates the coffee cart is a champion chess player? You only find out if you ask.

Directions: Review this week’s lecture on how to conduct an interview. Select a person who is willing to be the subject of your profile, and make arrangements to conduct an interview. Right after you conduct the interview, type up your notes. Organize the notes in the way that you think you might write the essay. Your notes can be a mixture of direct quotes and paraphrase (= you put your subject’s words into your own words). Be sure to use ” ” for direct quotes. For this assignment, it is ok to use a Q and A format.

Part 2:Please tell us whom you expect to interview for your profile, and why you think this person is interesting.

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