National governments and international institutions in relation to Essay

National governments and international institutions in relation to policy on international trade - Essay Example These relations depend on the country a particular business person is importing from or exporting to (Carbaugh, 2004). Countries such as the United States of America are known to enforce some of these policies on imports and exports. Their primary aim is to favor the business people. The same case applies to the United Kingdom. Their import duty rates are reduced to almost nil courtesy of the implemented government policies (Fujita, 1999). The procedure of importing and exporting of goods was also made less complicated. There is known to be high-level trade between countries. Hence, trading tariffs are significantly reduced. Most global business people and corporations feel highly considered since they can sell internationally without any transaction issues. Several national governments have provided open-border options to ease trade across countries that share borders. This policy involves allowing people from neighboring countries to go across borders without having to produce the usual strictly scrutinized legal papers that allow them into other countries. This case of international business growth can be seen in the East African Community (Grimwade, 2000). This regional community is one that allows a business to take place across borders of Kenya, Tanzania and Uganda. The kind of trade that takes place between these three nations involves the sale or agricultural produce and raw materials. Fresh vegetables and grain are usually sold at standardized prices across these borders, making it one of the most successful interactions in these region in terms of business. Mineral are also traded across these borders. The kind of business that is promoted by this policy is not that of overseas shipping of goods. It is rather a simple way of easing transactions taking place between business people of different countries without many hindrances. The elimination of the borders in terms of