FINA 2244 Lecture Notes - Lecture 22: Foreign Corrupt Practices Act, Pizza Hut, Transfer Pricing
Document Summary
International law and business: international business environment- includes business activities that are affected by international conditions or events. Considerations include financial, political and regulatory risk among others: origins of international law- international commercial codes date back at least as far as 1400 bc to egyptian trade. North american free trade agreement (nafta)- signed by the governments of canada, the us and mexico in 1992. It reduces or eliminates tariffs and trade barriers on most north american trade. World trade organization (wto)- followed after the general. Agreement on tariffs and trade established after wwii. Wto has overseen trade agreements and worked to set up an international dispute resolution system. a. Intellectual property- the wto helps to prove international protection to intellectual property. b. Subsidies and countervailing measures- i. subsidies- the wto has the authority to investigate and rule on government subsidies that give a producer in a country an unfair advantage in the market. ii.
