Middle East and Africa - Lecture Slides | IN 312, Study notes of International Business

Download Middle East and Africa - Lecture Slides | IN 312 and more Study notes International Business in PDF only on Docsity! IN312 International Trade Chapter 10 Middle East & Africa Pat Yanez Department of International Trade & Marketing (ITM) http://www3.FITnyc.edu/ITM/IN312 Middle East • Predominantly, an Arab community • 15 countries: Bahrain Egypt Iran Iraq Israel Jordan Kuwait Lebanon Oman Qatar Sudan Syria UAE Yemen S di A bi (T k ?)au ra a ur ey • 305 million people • GDP: U.S. $635 b. (Netherlands) Pat Yanez 3 Largest Population Middle-East 1 T k 69. ur ey - m. 2 S Arabia 26 m. . - 3. Yemen - 20 m Pat Yanez 3 Largest Economies* Middle-East 1 T k $499. ur ey 2 S Arabia $288. . 3. Israel $121 * US$ billions Pat Yanez 3 Largest GDP-Per Capita* Middle-East 1 U A E $23 200. . . . , 2 Israel $19 800. , 3. Cyprus $19,200 * US $ Pat Yanez Selected Middle Eastern and African Countries Pat Yanez Page 290 3 Largest Countries Africa 1 S Africa. . 2 Ethiopia. 3. Egypt Pat Yanez 3 Largest Population Africa 1 Nigeria 137 m. . 2 Egypt 76 m. 3. Ethiopia 68 m Pat Yanez Top Textile - Apparel Importers & Exporters Middle-E. & Africa Page 292 Pat Yanez Major Dependency on Textile & Apparel Exports Middle-E. & Africa Page 292 Pat Yanez African Growth and Opportunity Act (AGOA) • Stages: AGOA I (2000) - AGOA II( 2002) - AGOA III (2004) • U.S. trade act helping 37 Sub-Saharan African countries M st meet U S conditions democrac economic social• u . . : y, , • Major goals: – Stimulate economic growth, trade, and regional peace E h d d d ti– n ance emocracy, goo governance, e uca on – Combat HIV/AIDS and other major afflictions • Specifically: By providing duty free access to the U S market– . . – Attracting foreign investors – Sponsoring participating countries to industry events – Creating technical/training programs for African citizens Pat Yanez