describe the responsibility and influences of World Trade Organisation in the International Trade.
(i) State a Free Trade Zone.
(ii) Describe four main requisites for a Free Trade Zone to be successful.
(iii) What are the merits of Free Trade Zones?
(i) State the term INCOTERMS 2000.
(ii) What are the major roles of the buyer and the seller under the following INCOTERMS 2000: CIF, EXW and FOB?
Identify the main factors which affect currency fluctuations. describe three major methods which a supply chain professional can apply to reduce risk and uncertainty associated with currency fluctuations.
describe concisely the following terms:
(i) Letter of Credit
(ii) Trading Blocs
(iii) International Standards Organisation (ISO)