Introduction to International Trade

Module 1

This foundational module is designed to provide learners with a comprehensive understanding of the development and significance of international trade. It delves into the key strategies, historical developments, and policies shaping international trade, with a particular focus on the UK’s trade framework and global role.

Module Objectives:

• Gain a clear understanding of international trade concepts and definitions.
• Explore the historical and strategic evolution of global trade systems.
• Analyse the UK’s international trade strategy, including its entry into and exit from the EU.
• Understand the impact of international trade on national economic growth and GDP.
• Study the role of the World Trade Organization (WTO) and the introduction of customs processes.
• Learn about the UK Digital Strategy for International Trade and its future implications.

Agenda:

1. International Trade Definitions – Core concepts and terminologies.
2. World Trade Organization (WTO) – Role, objectives, and influence on global trade.
3. Introduction to Customs – Fundamentals of customs procedures in international trade.
4. Post-WW2 Developments – Evolution of global trade post-1945.
5. Development of Global Trade – Key milestones and trends in trade liberalization.
6. International Trade as a Contributor to National Growth and GDP – Economic significance and case studies.
7. UK’s Entry into the EU – Impacts on trade policy and market access.
8. Maastricht Treaty – Significance in the European trade framework.
9. UK’s Exit from the EU (Brexit) – Challenges and opportunities in the post-Brexit landscape.
10. UK Digital Strategy for International Trade – Leveraging technology for modern trade facilitation.

Assessment:

• Examination Format: Multiple-choice questionnaire or Assessment
• Credits Awarded: 1 Credit.
• Certificate: Issued upon successful completion and passing of the module examination.

This module equips learners with a solid foundation in international trade, preparing them to explore advanced topics in subsequent modules and apply knowledge in practical trade scenarios.