Free Trade Case Study

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This case briefly describes how the US rules and regulations have evolved with time. First one has to be clear that the rules and regulations in the US cannot be the same as the one in Bosnia and Herzegovina, due to its history (as it used to be an empire, later on a republic, and in the end a sovereign government). As we all know, during all these political transactions there were wars going on on territory of today’s country Bosnia and Herzegovina. Consequently, all the different political regimes had influenced the culture and countries laws. For the purpose of this assignment, I will just keep track of the most recent laws and regulations which were established after the Dayton Peace Agreement (November 1995). As the case given describes…show more content…
is promoting economic growth. First, I will focus on the promotion of free trade, because of the recent regulatory changes in Bosnian Agreements. However, before that lets just briefly reflect on the U.S. situation when it comes to free trade agreements. One of the best known U.S. free trade agreements is NAFTA (an agreement between Canada and Mexico). Nevertheless, U.S. has many other individual country agreements, to be specific with 18 countries, and these are: Australia, Bahrain, Chile, Columbia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, South Korea, Morocco, Nicaragua, Oman, Panama, Peru, and Singapore. Furthermore, the country is also in negotiations of a regional, Asia-Pacific trade agreement, known as the Trans-Pacific Partnership (TPP) Agreement with the objective of shaping a high-standard, broad-based regional pact. (Free Trade…show more content…
For example, the invention shall not be considered in particular cases, such as: (1) Discoveries, scientific theories and mathematical methods; (2) Aesthetic creations; (3) Schemes, rules and methods for performing mental acts, playing games or doing business; (4) Computer programs; and, (5) Presentation of information defined by the content of that information. As described in Article 55, the patent lasts for a period of 20 years from the filling date of the patent application, which is term as in U.S. (Zakon o patentu) To conclude, Bosnia and Herzegovina went through some tough times and with the difficult political and administrative situation in the country the enforcement and implementation of the regulatory system is very difficult and therefore not satisfying the economic and/or legal needs. Many hope that with the possibility of becoming an EU member everything would be solved, but I do not share this opinion. Why? The answer is simple – we had so many opportunities to change and update some rules and regulations as the EU had had set so many deadlines, but whit the big egos of the politicians and the lack of trust people have in them, not so much can be
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