Political and economic Forces o Exchange rate fluctuation o Regional trade agreements ● Tariff system Trade protection mechanisms o More subtle requlations Local content requirements o Voluntary export restrictions o Government procurement policies9-10 Political and Economic Forces ⚫ Exchange rate fluctuation ⚫ Regional trade agreements ⚫ Tariff system ⚫ Trade protection mechanisms ⚫ More subtle regulations ⚫ Local content requirements ⚫ Voluntary export restrictions ⚫ Government procurement policies