The International Trade Agreement With Costa Rica, Guatemala, Nicaragua, And The Dominican Republic

Guatemala is the key trade partner of the United States, El Salvador, Honduras, Mexico, Nicaragua, and Panama are other major trading partners. Between 2008 – 2009 total exports have decreased from $17,848 billion, to $6,768 billion. While imports are estimated to have declined from 13.42 billion dollars in 2008 to 10.91 billion dollars in 2009. Even though Guatemala tries to expand its manufacturing activities to reduce economic dependence on agriculture. The agricultural sector is a major contestant of Guatemala’s import, export

(Document A) In South America, Peru, Bolivia, and Ecuador share a major industrial resource, petroleum! Coffee is also an agricultural resource that all of the countries have. (Document A) There are also things like textiles, wood, food, minerals, cotton, sugarcane, corn, potatoes, and cacao. (Document A) Along with agriculture and other industries, Peru and Ecuador both trade with the United States as a major trading partner, while Bolivia trades with Brazil. (Document A) In Argentina, things like beef, grains, fruits, wheat, grapes, and sheep are produced. (Document B) In Central America, some major agricultural industries include bananas, coffee, and sugarcane. (Document C) Central America also produces nickel, iron ore, fish, timber, and oil. Some of Central America’s major trading partners are Honduras, Panama, Costa Rica, and the United

Trade is an important transfer that is vital to the abundance of a country. International trade allows countries to exchange their goods and can improve their economies. Many businesses within the United States dislike international imports because they reduce their business within the U.S. Some people believe business can be improved within the United States by imposing tariffs on imports. Tariffs are taxes on imported goods from other countries. Others who favor international trade believe it’s beneficial to establish trade agreements. One trade agreement is NAFTA, the North American Free Trade Agreement, which President George H.W. Bush signed on December 8th, 1993. The treaty included the countries Canada, Mexico, and the United States, and intertwined all of their economies. It eliminated most of the tariffs between the three countries and installed a supply chain, which is a network where different countries make specific parts of a product. Recently, President Trump has proposed that NAFTA be abolished, to promote products manufactured in the United States. This recent situation relates to the issue of the tariffs at the Philadelphia Convention. At the time of the convention, the Northern states’ economy was based on manufacturing, so they wanted to impose tariffs to promote American products. The South’s economy was agricultural based, and exported many goods to Great Britain. So Southerners feared that if tariffs were imposed on Britain’s goods, then Britain would do the same on products from the South, which would negatively affect the South’s economy. Trade can be very beneficial to a country, but states can have different opinions on whether tariffs are necessary, depending

, Date accessed October 26 ustr.gov/trade-agreements/free-trade-agreements/cafta-dr-dominican-republic-central-america-fta. “Culture Crossing.” Culture Crossing - Consulting for the Global Marketplace, www.culturecrossing.net/. “Dominican Republic country profile.” BBC News, BBC, 13 July 2017. Date accessed October 26.www.bbc.com/news/world-latin-america-19246340.

The North American Free Trade Agreement, commonly known as the NAFTA, is a trade agreement between the United States, Canada and Mexico launched to enable North America to become more competitive in the global marketplace (Amadeo, 2011). The NAFTA is regarded as “one of the most successful trade agreements in history” for its impact on increases in agricultural trade and investment among the three contracting nations (North American Free Trade Agreement, 2011). Supporters and opponents of the NAFTA have argued the effects of the agreement on participating nations since its inception; yet, close examination proves that NAFTA has had a relatively positive impact on the economies of the United States, Canada, and Mexico.

Honduras, Nicaragua Deportations Delayed," Dec. 31: To grant temporary protected status for Hondurans and Nicaraguans is great news from Central America. However, It will relieve Honduras and Nicaragua from dealing with the forced repatriation of nationals who continue to bail out their economies. Furthermore, the Central Americans comprise, the second largest Latino group in California. However, California should not ignore Central America and therefore should expect our newest state secretary of trade commerce, Lon Hatamiya, to develop a viable economic policy in Central America.

In general, the North American Free Trade Agreement (NAFTA) and the General Agreement on Tariffs and Trade (GATT) were designed to do one thing: liberalize trade. Tariffs were first put in place to encourage the internal sale and consumption of produce goods and services. This benefitted many businesses within each country, but others struggled to create a market for their own goods when competing against government supported companies. Started in 1947, the GATT was designed to reduce the barriers erected against international trade and increase the flow of goods around the world. There have been several additions to the GATT over the years, but all were designed to continue the process of creating a more open global market. It allowed

It is commonly believed that free trade between nations is a mutually beneficial arrangement for all parties involved; indeed, this is held to be an absolute truth. Though free trade is undoubtedly the most effective form of commerce between countries from a purely economic standpoint, increasingly we find that our so-called "free trade agreements" are horribly unbalanced. Indicative of these fiascoes is the North American

Since the mid-20th century, countries have progressively reduced barriers, subsidies to domestic industries and diverse restrictions on international commerce in order to promote specialization and greater efficiency in production. In theory, free trade allows nations to focus on their main comparative advantages and profit from cooperation and voluntary trade. This strategy is usually reinforced by treaties between two or more countries where commerce of goods and services can be handled across their common borders, without tariffs and other trade obstacles. As a key component of regional integration in the Americas, CAFTA-DR is one important example of this economic ideology.

     There are various trade agreements the United States have with many other countries and I will do a brief overview of a few of them. The most noticeable one is the North American Free Trade Agreement, which include the United States, Mexico, and Canada. This agreement was constructed and approved in January of 1992 and formed the largest free trade area. NAFTA eliminated and reduce tariffs and non-tariff barriers in addition to comprehensive provisions in the way trade was conducted between these countries.

Being the world 's largest economy, the United States is also largest exporter and importer of goods and services. American economic growth relies heavily on trade. According to a recent report on NAFTA, “Since 1992, nearly 20 million new jobs have been created in the U.S., in part due to the 1994 NAFTA agreement. Total trade between the NAFTA partners -- the U.S., Canada, and Mexico -- rose from $293 billion in 1993 to more than $475 billion in 1997, and has increased since. ” (Bowman, Free Trade). It is obvious evidence that international trade is beneficial to the US economy, at least in the 1990s.

In 1994, the leaders of the thirty-four democratic countries of the Western Hemisphere launched the process of creating a Free Trade Area of the Americas (FTAA). The FTAA will be established by 2010 with the aim of gradually eradicating barriers to trade and investment in the region. The final characteristics of the FTAA will be determined through negotiations by government officials from the thirty-four participating countries. The trade issues that are presently under discussion are: market access; investment; services; government procurement; dispute settlement; agriculture; intellectual property; antidumping, subsidies and countervailing duties; and competition policy. Guiding principles for these negotiations

Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across

Many economists today argue that the fewer tariffs and barriers there are to foreign trade, the better everyone fares. That view underlies the agreements that the United States and 152 other countries have made as members of the World Trade Organization (WTO). Among other

The numerous trade agreements developed between different groups of countries reveal the success of developing such relationships. Countries these trade agreements have reported increased imports and