-
Essay / International Trade: Trade Sanctions - 1867
The topic I chose to research was trade sanctions. Trade sanctions are one of many trade barriers that countries typically use to protect their domestic markets. These are sanctions imposed on a country by another country, usually at a time when the countries are facing a political or political dispute. Sanctions generally take the form of duties or tariffs. The 3 articles I found are: Iran Turns to Oil to Ease the Pressure of Economic Sanctions by Jason Rezaian, The Power of Cross-Country Sanctions by Brent Radcliff, and Why Cuba Sanctions Must Stay by Jamie Suchlicki .Article SummariesIn Jason Rezaian's article, he shows how trade sanctions can impact a country's economy, whether through trade partnership relationships or on the economy. The articles indicated that the United States and several United Nations countries had either completely stopped or reduced their oil imports from Iran. The sanctions were imposed there because Iran and other countries like the United States are arguing over their (Iranian) nuclear program. This negatively affects the Iranian economy, as oil is the country's main export and accounts for more than half of the country's revenue. Some countries, such as Japan, China and India, have been granted a sanctions waiver, meaning they can import oil without having to impose sanctions, if their purchases decrease within 6 months . Instead of decreasing its purchases, China increased them by more than 1.2% and in September alone they increased by 24% compared to the same quarter of last year. This makes the new Iranian president and his cabinet happy as it gives them hope for the future by strengthening ties with already established trading partners, and ultimately becoming...... middle of paper .... .. an opponent for a certain time after departure, the contract provides for a long notice period. Gardening leave clauses are express contractual terms which can come into force before the termination of an employee's employment contract. Gardening leave provisions operate when statutory notice is given, either by the employer or employee. During this notice period, the employee is not required to work, but benefits from all of his contractual conditions. During this period, the employee is bound by the agreement, has a duty of reliability towards his former employer and cannot work for a competitor or reveal trade secrets or private information. Thus, in Provident Financial Group plc v Hayward (1989), the Court of Appeal suggested that these conditions would also be subject to review and would not be enforced if they were broader than necessary..