English Unlimited HAK/HUM 4/5, Schulbuch mit Audio-CD und CD-ROM (mit Handelskorrespondenz)

119 Trading with the world 10 LANGUAGE SKILLS EXPLORE EXTRAS World Trade Organization , an institution affiliated to the UN that creates rules regulating world trade . The latest round of negotiations launched in 2001 is the Doha Round, which is still ongoing and is currently dealing with the north-south dispute over farm subsidies. New factors in international trade As well as the steady lowering of tariffs, two additional factors in the growth of world trade since the 1990s need to be mentioned. • Firstly, there has been a rapid increase in the number of regional trade agreements (RTAs) , such as the EU, NAFTA, MERCOSUR and ASEAN . An increasing proportion of world trade is being done both inside these large blocs and between them. • Secondly, a significant amount of total world trade is now what is called intra-firm trade . This means that the subsidiaries of one large multinational corporation (MNC) located in different countries, trade with each other. For example, automobile companies like Volkswagen or General Motors could have various components made in a number of different countries, then have them shipped to another country where they are assembled. Read the information again. Talk about the highlighted terms and expressions and take turns to explain them in your own words. Find words in the text that can collocate or form word partnerships with the verbs in the box. Use them in sentences of your own. Example: It is feared that the Transatlantic Trade and Investment Partnership (TTIP) will generate profit for transnational corporations at the expense of American and European consumers. The discussions surrounding TTIP have brought the topic of international trade into the limelight. Write a blog post about advantages and potential dangers of international trade and give your opinion about new developments like the Transatlantic Trade and Investment Partnership. Write about 200 words.  Writing guide, Blog , p. 184. a LANguAgE FOcuS 7 Talking about trade b WRItINg 8 Do you know the Austrian company Zotter? What do they produce? Look at the picture and the headline of the article below and guess what the text is about. Read the article to find out if you were right. a REAdINg 9 b Fair trade Cocoa instead of cocaine: A sweet success story with fair trade Located in the sleepy little town of Riegersburg in Styria, there is a chocolate factory that is almost as miraculous as Charlie’s – of Roald Dahl and Johnny Depp fame – if not more! Zotter Schokoladen Manufaktur, a family firm, produces 365 chocolate varieties on its 5000 m 2 premises, among them such outlandish flavours as chocolates with bits of bacon, carrots or ginger. However, Josef Zotter not only revolutionised the taste of chocolate, he has managed to become a pioneer in other domains as well.  True to their motto ‘bean-to-bar’, Zotter is one of the few quality chocolate makers around the world whose entire production process is located under one roof, from the roasting of the bean to the wrapping of the finished bars in their artsy packaging. This is made possible through Zotter’s involvement in Fairtrade, dating back to 2004, and his close co-operation with cocoa farmers who directly sell to him without intermediaries. achieve  assemble  block  counteract  cut generate  impede  impose  restrict Nur zu Prüfzwecken – Eigentum des Verlags öbv