International Business Law Assignment Example | Topics and Well Written Essays - 3000 words

International Business Law - Assignment Example There are also the developing and developed countries with different interests and perspectives to global trade liberalization. There are various factors that are covered in the international business law. Such factors will be critically explored through examining Parts Ltd and its business transactions internationally. This paper will thus give an assessment of the contrasting perspectives and interests of Parts Ltd with respect to global trade liberalization. Various Ways Parts Ltd Could Transfer its Business into the Brazilian Market With reference to business regulations, there are various factors, which are put into consideration when it comes to transferring business from one point to the other. As a rule, such ways of transferring business internationally usually goes hand in hand with international business laws (Matthew, 2004, P. 18). That is been the case such ways forms a benchmark from where operating the business in the new environment is enhanced accordingly. Parts Ltd could enter into the Brazilian market through various ways. In that case, the firm can enter the Brazilian market through a joint enterprise with a host nation firm, and through exporting and licensing or permitting hosting country firms. What is more, the firm could enter into the Brazilian market through an entirely owned subordinate in the host nation to serve that market (Brooks, 2010, P. 36). Despite this different ways through which the firm can enter into the Brazilian market, it is worth to note that the disadvantages and advantages of each mode of entry is determined by various aspects accordingly. Such costs take account of the firm strategy, economic and political risks, trade barriers and transport costs. Explore the Various Trade Barriers, If Any, Which Could Affect Parts Ltd’s entry into the Brazilian Market From a description perception, trade barriers denotes to government-placed limitations on trade between countries. The most widespread forms of trade barrie rs take account of things such as tariffs, subsidies, quotas, embargoes, and duties. Such things will be critically analyzed in relation to how they are predicted to affect Parts Ltd, and conducting its business (Bernard & Schott, 2007, P. 106). The expression free trade denotes to the hypothetical removal of all trade barriers, permitting for entirely free and unregulated trade. If truth be told, however, no country completely embraces trade which is free. This is because countries utilize some variety of trade barriers for their own advantage. In any international business, trade barriers are always expected and so appropriate measures must be employed in order to combat their occurrences. From the history of the world, there has ever been the need of having the entire globe engaged in forms of trade which have the ability of increasing their performance and operations thus improving their development in terms of economy (Charles, 2009, P. 5). This had been suggested in form of a free and fair trade which was aimed at ensuring that all nations would engage in useful business and trade operations. However, there have been divergent views with the issue as majority of the people do argue that the present ‘free and fair trade’ operations have never in the least been fair. This is an implication that trade barriers are prone to happen whenever doing international business. Evidently through studies, tariffs, like nearly all trade barrier