International Institutions, Treaties, And Sanctions Essay

International Institutions, Treaties, and Sanctions and Their Effects on International Business International institutions abound in the realm of international business. As globalization increases, disputes multiply. The responsibilities of these organizations can vary due to the needs of its members, such as monetary or trade issues. Moreover, the support these institutions provide may come in the form of various agreements to include the negotiation or enforcement of sanctions and treaties which will either stop or promote trade between nations. International Institutions There are varying types of organizations which monitor or assist with disputes or negotiations on an international level. Some of these factions focus on a more regional area, such as the Free Trade Commission, not to be confused with the United States Federal Trade Commission (FTC). According to NAFTAnow.org (2013), the Free Trade Commission watches over the North American Free Trade Act (NAFTA) which took effect in 1994. This agreement, as a result, lifted trade barriers between Mexico, the United States, and Canada. The Free Trade Commission has representatives from all three member nations who implement, oversee, negotiate, and resolve disputes arising from the interpretation of the agreement (About NAFTA | North American Free Trade Agreement, 2013). More importantly, there are international trade organizations who reach a much larger scale and focus on both emerging and established globalShow MoreRelatedHr 3364 Case Study1028 Words   |  5 Pageson fiscal penalties over militaristic punishment, while still maintaining strong alliances in NATO; second, promote multilateral cooperation on past, present, and future economic sanctions; and third, balance punitive measures with positive incentives to signal to the Kremlin that the reduction or expansion of sanctions will be contingent on its subsequent behavior. Therefore, the executive should enforce the provisions of HR 3364, which provides an effective approach to counter Russian cyber attacksRead MoreJapanese Motives For Entering Wwii1390 Words   |  6 Pageseconomic, political, and social change. The primary goal of the leaders of Meiji Era was to achieve economic and military equality with the western world. 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