TRADE BUSINESS VOCABULARY IN USE (ADVANCED)

 

BUSINESS VOCABULARY IN USE (ADVANCED) 48. TRADE

 

A Dismantling the barriers Ranjir Rao is trade minister for a developing country: ‘We believe that there is increased prosperity for all if we can export our goods and services freely. We are working through the World Trade Organization (WTO) to remove or dismantle trade barriers such as: • tariffs: taxes on imported goods • quotas: limits on the number of goods that can be imported. B Protected industries John Newman is head of a steel company in Nordland, an industrialized country: ‘We have higher costs than many other steel-producing countries and we can compete with their prices. Some countries  are demping-selling their steel here for less than it costs to produce. So we have asked our government to impose tariffs on imported steel.’ Antonio Silva is head of a steel company in Sudonia, an industrializing country: C Fair trade Claire Longdon is a consumer in the UK: EXERCISES 48.1 Complete the sentences with appropriate forms of expressions from A and B opposite: 1. US and EU business leaders now need to focus on removing ________________ ________________ between the two blocs rather than aim to create a single ________________ ________________ area. 2. He said raising prices by increasing ________________ on Japanese luxury cars would give Detroit’s Big Three automakers an excuse to increase their own luxury car prices. 48.2 Look at C opposite. Put the sections of this article in the correct order. (the first is a.) a. Sale of Fairtrade products doubles Sales of goods that promise a better deal for farmers in developing countries have more than doubled in three years. It was announced at the weekend. Fairtrade coffee accounts for 14% of the market in the UK. f. representing 4.5 million growers. More than 100 products are available un the UK in the categories of coffee, tea, cocoa, chocolate, snacks and biscuits, sugar, honey, fruit juice and fresh fruit, and are stocked by independent shops and most major supermarkets.

ANSWER KEY