The purpose of this assignment is to develop a better understanding of the nature, characteristics, and patterns of international trade and the trade policies and practices to ease or remove trade barriers, in the context of an economic trade zone. You are required to select an economic trade zone (e.g. European Union, NAFTA) and demonstrate a comprehensive knowledge regarding the international trade policies and procedures.Requirements:This is an individual assignment worth 20% of the final grade.While reading and attempting to review this piece of research work, you will have the opportunity to learn and discuss the trade and logistics practices in a trade zone from an international trade perspective. In particular, you are required to demonstrate knowledge regarding the following topics,Brief trade history of the trade zoneTrade statistics â€“ import and export compositionTrade policies â€“ tariff/ subsidies/ quotas/ off-shoring or FDICritical review of current trade policies â€“ barriers and challenges of the implementatioRecommendationsFinal conclusionYou may follow the following format to present your assignment.RMIT Cover sheetTitle / Name / Student ID / Tutorial (time)Executive SummaryTables of ContentIntroductionBackground- Brief trade history, import/export and freight composition of the regionDescription of trade policies and procedureCritical review- barriers and challenges of the implementationRecommendationsConclusionReferences (RMIT Harvard style only)For more information on Trade statistics Â?check on:https://en.wikipedia.org/wiki/International_trade
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