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Japanese and US Rice Negotiations, business and finance homework help


Please write 2 pages on your viewpoint of how you feel writing a paper in the position of a Japanese Senior fellow (in the box below)  Please write a 2 page research paper on from the standpoint of your role, backed up with 3 pages minimum of Appendices with all the data you need handy for the negotiation USING THESE SOURCES AND PLEASE INCLUDE 3 APPENDICES WITH ALL SOURCES you would need for the negotiation listed below: 

The page of sources is attached! PLEASE USE THESE AND CITE THEM 

My role was Kazuhito, Yamashita Senior Fellow, The Tokyo Foundation and Research Institute of Economy, Trade and Industry (REITI) 

Background: Rice has been one of the major areas of Japanese protectionism from a U.S. perspective.  With the flood of Japanese imports during the 1980’s, the tension between the U.S. and Japan over “protectionism” of Japanese agriculture came intense.  The sale of California rice has once again come up for negotiation.  The WTO negotiations in Cancun “the rice” issue was a major obstacle in negotiations.  Although significant reforms are being proposed with respect to Japanese agriculture, rice farmers in particular continue to be a strong lobby against further access of foreign rice, especially from California, into its consumer markets.  

Negotiation: The two teams have been negotiating for over eight months to craft a rice deal for Japan to purchase California rice.  The team has met in person and by conference call over these eight months in Tokyo, Sacramento, and Washington D.C.  At the last face-to-face meeting in Tokyo, the team hammered out a deal in which the Japanese would purchase committed to meet the quotas established.  What remained to be negotiated was the actual access to the end Japanese consumer.  The California Rice is sold directly to the Japanese government through the Japan Food Department (JFD).  Although establishing a fairly good track of meeting the commitments to purchase California rice, Japan has been reluctant to put much of this rice into the Japanese market for consumers to purchase. The JFD withholds import rice stocks from their market and uses it primarily for re-export to meet Japan’s humanitarian efforts or used in their food processing industry.  At the last meeting, both parties agreed to establish minimum access commitments over the next 5 years.  At the present time, less than .5% of this rice reaches the Japanese consumers as retail banded products.  Both parties are anxious to wrap up the negotiations because the Prime Minister of Japan is due to visit the White House in 6 weeks.  Both the White House and Tokyo want the final agreement signed by the trade delegations from both countries at the White House. 

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BUS 631 PRACTICA: COUNTRY ANALYSIS Practicum 2: “Economic and socio-political climate in the country” Please note: Many country data are figures, which mean little to the reader (e.g. “the country GDP is $5Tn”) unless you provide a context (e.g. “the local economy measured by GDP doubled in the last 20 years”), a comparison (e.g. “the country’s GDP is 10% of the USA”), or a benchmark (e.g. “the country’s economy ranks 68th largest in the world”). General sources: • The CIA World Factbook • The BBC’s Country Reports • The US State Dept’s Country Background Notes • Country quantitative data: Quandl’s country index as well as TradingEconomics > Demography-related information sources: • The CIA World Factbook • US Census Bureau: International population data • The UN’s Human Development Index • (US) Center for Disease Control’s Travel page => Discuss population size and growth; ethnic breakdown; evaluation of health risks, adverse population evolution (e.g. aging population); and demographical opportunities (e.g. large young population of working age, providing cheap labor, or large amount of College graduates, etc). > Culture-related information sources: • Commisceo’s Country Profiles • Geert Hofstede’s Country cultural scores • Pew’s Which countries don’t like America and which do • Executive Planet’s Essential Business Culture Guides • Cyberlink’s IB Etiquette, Manners and Cultures => Evaluation of the social/cultural risks and opportunities for a foreign firm: Risk of cultural misunderstandings, important traditions, religious prohibitions, specificities in purchasing habits and consumption, etc. > Economy-related information sources: • The Heritage Foundation’s Index of Economic Freedom • [Using the general sources above] Discuss size of the economy (total GDP, GDP per capita), GDP growth for past 3 years • [Using the general sources above] Discuss Gross National Income (GNI) per capita, income inequalities, unemployment, poverty • Make sure to discuss financial aspects: local banking system and stock market, inflation, and include a graph of the local currency against the USD for the past year. Many finance websites allow you to produce this graph (e.g. Yahoo Finance). Be sure to draw conclusions about how the recent FX evolution would impact your venture project: what does it mean for a foreign investment in US$? • What are the country’s main industries? [The CIA World Factbook] • What are the country’s main sources of export revenues? Main imports? Main trading partners? [see UN data on Trade] • The World Bank’s Logistics Performance Index => Evaluation of the economic risks and opportunities for a foreign firm: risk of a national economic recession or favorable economic outlook, risk of a financial crisis, risk of adverse economic and fiscal policies (is current government pro-business?), foreign exchange risk; lack of adequate infrastructures. > Political risk information sources: • US State Dept’s Travel warnings • Freedom House’s Freedom in the World survey • Institute for Economics & Peace: Global Peace Index • US Dept of Commerce/The Economist Intelligence Unit: Political Stability score • Transparency International’s Corruption Perception Index (CPI) => Evaluation of the local political risks and opportunities for a foreign firm: What is the political regime? How politically stable and peaceful and safe is the country? Are there risks for a foreign firm’s properties (expropriation, nationalization, terrorist destruction, intellectual property infringement, criminality), risks for staff (immigration control, kidnapping, terrorist attacks, etc), host-country government interference in business operations, corruption [be sure to give the CPI’s world rank]? Practicum 3: “Business Climate Toward Globalization” • US Commercial Services: Country Commercial Guide • The World Bank’s Doing Business in… surveys • The World Economic Forum’s Index of Global Competitiveness • Milken Institute’s Global Opportunity Index • AT Kearny’s FDI Confidence Index => Evaluation of the country’s openness to trade (WTO member? Free-Trade Agreements? See especially the World Bank’s Ease of Doing Business in… annual survey > Trading Across Borders data); evaluation of the country’s attractiveness for foreign investors (Foreign Direct Investment); how much foreign direct investment exists in the country? Are there potential alliances that can be formed with either non-profits (NGOs) or other companies?
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