Global Trade Operations | Report

Global trade
operations
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Global trade 1
Executive Summary
Free trade zone is a course of the special economic zone in which the physical zone where the
products may be landed, deposited, touched as well as mass-produced or reconfigured as well as
re-exported further down particular duties regulations and usually not topic to taxes
responsibility. The findings of the report show the analysis of the economic trade zone that is the
European Union. The freight flow statistics shows the improvement in exports and imports of
Union. The discussion of trade policies and challenges of the European Union is presented. The
challenges related to the implementation of the trade policy are identified and major barrier is
Brexit.

Global trade 2
Contents
Introduction......................................................................................................................................3
Background......................................................................................................................................3
Trade history................................................................................................................................3
Freight flow statistics...................................................................................................................4
Exports.....................................................................................................................................4
Imports.....................................................................................................................................5
Trade Balance..........................................................................................................................5
Description of trade policies and procedure....................................................................................6
Critical review.............................................................................................................................6
Recommendations........................................................................................................................7
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

Global trade 3
Introduction
The purpose of this assignment is to improve a better considerate of nature, outlines, and faces of
worldwide trade as well as policies which are required to ease or to eradicate the obstacles
related to trade within the context of the economic trade zone. ETZ has been carefully chosen for
this report is the European Union and demonstration related to the international trade policies
and procedures has been done.
Background
Trade history
European Union is a unified trade as well as the monetary body which consist of the 27 member
countries which majorly allows eliminating all the related boards that control among the
members. It has been determined that the open borders provide the free flow of the goods as well
as people instead of for the random spot checks majorly for the drugs and crime. Talking about
the history of the economic trade zone, it has been found that in 1950 there were the concepts of
the European trade are which was formed initially (European Union, 2020). This has been
determined that EU is considered as most outward-oriented markets across world. This trade
zone is the biosphere’s major particular marketplace part. Free trade among followers was one of
the EU establishment principles and this is the reason due to which it is dedicated to introductory
up across the world. Coming to history, from the year 1999 to 2010, EU overseas the trade got
double and presently it financial records for more than 30% of EU’s GDP. This trade zone is
accountable enough for procedure of trade with the member nations as well as negotiates an