Import Export. Casualties of the Trade Wars. Choose the correct answer to complete the following statements about the text

business leaders now need to focus on removing (1)…

1

Trade barriers

between the two blocs rather than aim to create a single (2)… area

2

Free trade

He said raising prices by increasing (3)… on Japanese luxury cars would give Detroit’s Big Three automakers an excuse to increase their own luxury car prices.

3

Tariffs

The Asia-Pacific economies have been growing and (4)… their markets. They offer

4

Opening

many new opportunities. The European Union warned that South Korea should open up its car market, accusing the country of (5)…

5

Protectionism

If the Commerce Department Rules that Mexico is (6)… tomatoes, consumers

6

Dumping

can expect higher tomato prices because the US will impose (7)… on them, limiting the numbers that can be imported.

7

Quotas

1

A

Sales of Fairtrade products doubles

Sales of goods that promise a better deal for farmers in developing countries have more than doubled in three years, it was announced at the weekend. Fairtrade coffee accounts for 14 % of the market in the UK,

7

B

and chocolate that carry the Fairtrade certification mark. Last November the Co-op supermarket chain announced it was switching all its own-brand chocolate to Fairtrade.

3

C

and producers a better deal. Total sales rose from 21.8m in 1999 to 59m, according to figures released to mark Fairtrade Fortnight, which starts today to encourage shoppers to try the products.

5

D

and the World Development Movement, tp respond to the human consequences of collapsing world commodity prices.

4

E

Harriet Lamb, executive director of the foundation, said: “Rising sales figures show that the public not only trust the Fairtrade mark but trust their taste too”. The foundation was set up at the beginning of the 1990s by agencies including Christian Aid, Oxfam

9

F

representing 4,5 million growers. More than 100 products are available in the UK in the categories of coffee, tea, cocoa, chocolate, snacks and biscuits, sugar honey, fruit juice and fresh fruit, and are stocked by independent shops and most major supermarkets.

6

G

The Fairtrade Foundation certifies and promotes products that meet internationally recognized standards of fair trade. It said that Sainsbury’s now sells around I million Fairtrade bananas a week, and has own-brand coffee, tea.

8

H

The first Fairtrade-market product appeared on shelves in 1994. Now fooda carrying the mark are sold in 17 countries through 235 traders and 452 companies. They are sourced from 360 producer groups in 36 countries,

2

I

with sales having increased from 13.7 m in 1998 to 18.5 m in 2001. The growth has been made possible in large part by the increasing willingness of supermarkets to sell Fairtrade products, which are made using ingredients that guarantee farmers.

The Guardian

Economists are almost (0)… in favour of free trade, according to the

UNANIMOUS

0

unanimously

principle of absolute or (1)… advantage: if all countries produce and exchange the goods and services in which they have the highest

COMPARE

1

Comparative

relative (2)…, resources are put to their best possible use, and

PRODUCT

2

Productivity

everyone is richer as a result.(3)…, free trade also causes much

FORTUNE

3

Unfortunately

economic disruption, as cheaper(4)…, for whatever reason, in one

PRODUCE

4

Production

part of the world, leads to the(5)… of existing industries and jobs in other parts of the world.

DESTROY

5

Destruction

Furthermore, many countries have reached (6)… trading positions

ADVANTAGE

6

Advantageous

by protecting their own industries from international (7)… for a long period of time, while other countries achieve low-cost production by

COMPETE

7

Competitors

methods that are not (8)… acceptable

POLITICS

8

Politically

in many (9)… .

DEMOCRATIC

9

Democracies

There are (10)… many social and political reasons that lead