Problem:
Prepare a report with an analysis of your findings. Write a comprehensive analysis addressing the two scenarios given. Start the report with an introduction and end the report with conclusions.
Exercise number 1:
You work for a pharmaceuticals company that hopes to provide products and services in New Zealand. Yet management's current knowledge of this country's trade policies and barriers is limited. After searching a resource that summarizes the import and export regulation, outline the most important foreign trade barriers your firm's managers must keep in mind while developing a strategy for entry into New Zealand's pharmaceutical market.
Exercise number 2:
The number of member nations of the World Trade Organizations has increased considerably in recent years. In addition, some nonmember countries have observer status in the WTO. Such status requires accession negotiations to begin within 5 years of attaining this preliminary position. Visit WTO‘s website to identify a list of current members and observers. Identify the last 5 countries that joined the WTO as members. Also examine the list of current observer countries. Do you notice anything in particular about the countries that have recently joined or have observer status?
Justify your answer and provide step by step solution.