4 27 2014 Global Sourcing Final flashcards Quizlet Global Sourcing Final Created by rtc12 This set has 156 terms Only covering Trading Blocs Quality Assurance Articles Logged in as rtc12 Original Alphabetical Intra EU Extra EU EU 15 EU 2004 Germany Italy Imports Exports depend on Industrial Revolution Began 1700 Industrial Textile Advancements fly shuttle loom spinning equipments Society went From Agricultural Rural to Industrial Urban 1800s English Colonies Americas India Africa 60 World Trade in Cotton England trade among countries that are members of the EU EU trade with countries that are not members of the EU original 15 countries of the EU Western Europe Eastern Europe effected by end of MFA level of domestic consumption availaility of materials level of economic industrial development divided into West East after WWII high labor production costs high tech fashion high wages high end niche market upscale fashion exporter armani versace valentino prada diesel quality luxury fashion http quizlet com 41486970 global sourcing final flash cards 1 15 4 27 2014 France Paris Spain Russia Romania Avenue des Champs Elysees most expensive retail space in europe London s Oxford St New Bond St second most expensive retail space in europe EASTERN EUROPE Poland Global Sourcing Final flashcards Quizlet reconcilation with Germany economic reunification exports pret a porter ready to wear sold under designers dior pierre cardin chanel givenchy hermes st laurent fine wine food and fashion France s principal import marketing distribution center lower wages GDP produced for textiles apparel fast fashion ZARA effected by expiration of MFA most produce new 2004 EU country produce for foreign firms for export provides apparel consumer market for other nations large poor in natural resources not a member of EU or WTO cotton wool agricultural products not modern manufacturing shift from street to retail fashion designers emerging EU 2007 texilte manufacturing 1 4 of total exports moving towards privatization womens suits for TJ maxx FTAA Free Trade Area of Americas Organization of American States OAS Defend democracy protect human rights strengthened security against terrorism foster free trade Free Trade Area of Americas FTAA combat illegal drugs and fight corruption http quizlet com 41486970 global sourcing final flash cards 2 15 4 27 2014 NAFTA Global Sourcing Final flashcards Quizlet North American Free Trade Association 1994 US Cananda Mexico no tariffs reduced quotas eliminate restrictions on foreign investment environmental standards ethical standards child labor health saftey minimum wage Argentina Brazil Paraguay Uruguay Boliva and Chile Free internal trade Common external tariff Make all of the Americas a free trade area extension of NAFTA and MERCOSUR Still under negotiation Will allow free trade among 34 countries Into Huge Corporations huge quantities less diverse driving out small business Ex Walmart Target Federated Larger than US 1 9 Population 1982 independent of Great Britain English French speaking US is largest source of textiles retail 2nd largest employer Can effectively produce small runs Can cater to niche markets Becoming known for quality 1994 MERCOSUR Southern Common Market 2001 FTAA Free Trade Area of Americas Only 2 Developed Countries in the Americas Cananda US US Retail Merging Cananda Canadian Apparel Manufacturing Canadian Retail Growth went from small stores to big companies internet growing http quizlet com 41486970 global sourcing final flash cards 3 15 4 27 2014 Mexico NAFTA in Mexico Retailing in Mexico Caribbean Basin Fabric Forward rule ANDEAN Peru Global Sourcing Final flashcards Quizlet Independence from Spain 1821 95 family owned business 90 of apparel exports are to US apparel exported must be made from textiles made in Mexico US or Canada prevents seeking cheaper sourcing options NAFTA claims to prevent illegal transshipment Modern Retail Stores efficient technology Traditional Markett streets small stores apparel industry growth is a result of U S trade preference programs alternate to drugs US Textiles shipped to other countries for construction then imported back to US with the tariff paid only on the added value of the garment Allows production of apparel outside of U S while protecting U S textile production Bolivia Colombia Ecuador Venezuela and Peru high end cotton and camelid alpaca llama and guanaco OAS Organization of American States 1948 First attempt to unify economic and political goals of the Americas Americas consist of North America Central America West Indies South America http quizlet com 41486970 global sourcing final flash cards 4 15 4 27 2014 Asia East Asia Southeast Asia South Asia Oceania APEC Asia Pacific Economics Cooperation 1989 OCEANIA Australia and New Zealand Japan South Korea and Taiwan Global Sourcing Final flashcards Quizlet Largest population geographic size 1 3 of world s landmass 56 of world s population Highest population density in world China India China South Korea Taiwan and Japan Hong Kong and ASEAN 8 countries in the Association of Southeast Asian Counties Pakistan to Bangladesh including India Australia and New Zealand 21 nations no treaty obligations binding commitments Member nations Pacific Rim include NAFTA countries Chile and Peru South America tariff rates social responsibility political economic situation workers low cost skilled ethical technology raw materials level of service provided full package vs CMT developed european settlements produce over half the world s wool for domestic use and export Small apparel industry mostly for domestic use high quality fashion goods produce textiles but outsource apparel production research and production of synthetic fibers MFA Phase Out Caused Retailers to consolidate purchasing activities Sourcing Considerations http quizlet com 41486970 global sourcing final flash cards 5 15 4 27 2014 Japan Hong Kong and Macau China ASEAN Association of Southeast Asian Nations Threats to SE Asian Industry Global Sourcing Final flashcards Quizlet technology oriented imports 90 of apparel Desire high end high fashion luxury goods consumer 41 of world s luxury goods Leading global exporters of textiles and apparel Largest producer of man made fibers Cheap mass produced Brunei Myanmar Cambodia Indonesia Laos Malaysia Philippines Singapore Thailand and Vietnam Lifting of MFA quota Terrorism Natural Disasters South Asia which countries India Pakistan Sri Lanka Bangladesh S Asia