Pre-reading questions:
- Do you like buying foreign products? Why?
- Do you think foreign products are expensive? Why?
Vocabulary:
- contract /KON-trakt/
- remove /ri-MOOV/
- agreement /uh-GREE-muhnt/
- hindrance /HIN-druhns/
- transact /tran-SAKT/
[noun] a legal document that states and explains a formal agreement
A partnership between two people needs a contract as a proof of agreement.
[verb] to take something away from an object, group, or place
They will remove the books from the shelf and arrange it.
[noun] a promise or decision made between two or more people
The two enterprises made an agreement to sell the same product.
[noun] something that makes it more difficult for you to do something
Making mistakes is not a hindrance for your success because you will learn from it.
[verb] to do business, to buy or sell things
Businessmen transacts their business through online because it is convenient.
The European Union (EU) and Japan agreed to sign a free trade contract. The purpose of this deal is to remove tariffs nearly on all goods. According to the report, the agreement covers more than 600 million people. Charging taxes on the country’s goods and services is one of the hindrances of international trade.
Cheese and wine are two of the main products of the EU that can be traded without taxes. Japanese automakers and electronics companies can also transact business freely. The total amount of the trade that the EU and Japan have last year is 152 billion dollars of goods.
Cheese and wine are two of the main products of the EU that can be traded without taxes. Japanese automakers and electronics companies can also transact business freely. The total amount of the trade that the EU and Japan have last year is 152 billion dollars of goods.
Comprehension Questions:
- Who agreed to sign the contract?
- What is the purpose of the deal?
- How many people is covered by the free trade contract?
- What are the two products that can be traded without taxes?
- How much is the total amount of the trade of the EU and Japan?
Discussion Questions:
- What do you think is the effect of this deal to Japan’s economy?
- How does removing tariffs affects the price of the products?
- Do you think trade is important? Please explain your answer
- What are the benefits of exchanging goods and services with another country?
- What are the disadvantages of doing trade with another country?