The purpose of this assignment is to understand current challenges to international trade in the context of the COVID-19 pandemic and to identify the practices to reduce or eliminate the challenges. You are required to demonstrate in-depth understanding and analysis of the given topic by including challenge background, how this challenge will affect the Singaporean trade with other countries, and recommendations to reduce or eliminate the challenge.
Export market concentration Export market concentration is the degree to which a country relies on a limited number of partners as markets for its exports. Country that exports only one product to other country has perfect export concentration. On the other hand, country that exports large number of products with one partner indicates dependency and heavy reliance on one country for export income.
Changes in foreign policy, fluctuations in currency exchange, political instability and other challenges highlights the risks associated with export market concentration. Against this background it is important to investigate challenges associated with market concentration of Singapore exports.
Incidents that highlighted export market concentration: – Integrated circuit exports to China You are required to demonstrate in-depth understanding and analysis of the given topic by including sections such as (and not limited to): Background of the challenge; How it will affect the Singaporean trade with other countries and Recommendations to reduce or eliminate the challenge. Report Structure: Following is the suggested report structure. You are allowed to customize using headings specific to the topic and subheadings.