Using at least your textbook and a minimum of three additional sources, answer the following questions. Your paper should be at least three pages in length, excluding title and reference pages. Follow APA style guidelines.
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2015). International business: Environments and operations (15th ed.). Upper Saddle River, NJ: Pearson Education.
NO PLAGRISM, NO PLAGRISM
1. The bilateral agreement has enabled China and South Korea an increase in trade and an increase in trade deficit for the United States; what are the advantages and disadvantages for the United States to continue these relationships with the bi-lateral agreements?
2. With regards to the various agreements/treaties discussed, EU, WTO, NAFTA, CARICOM, APEC, MERCOSUR and ASEAN:
Discuss any pending applications, candidate countries, or associate members.
What are the advantages/implications for trade within the trading group and for the United States?
Determine the GDP and GNP of those pending countries.
Based upon your assessment, do you think these countries should become full members of the FTAs they have applied to? Why, or why not?© BrainMass Inc. brainmass.com June 4, 2020, 5:16 am ad1c9bdddf
The response addresses the query is posted in 954 words with APA References.
// For the purpose of increasing the trading activities between China and South Korea, efforts were taken towards the formation of the Bilateral Free Trade Agreement. It would lead to building strong relationships between the two countries. In this context, following is the overview of the agreement and its impact on the USA//
The Bilateral Free Trade Agreement between China and South Korea initiated after heavy negotiations and were in relation to freedom of trade, as well as investment between the two countries. It is considered that the maximum number of exports in the world is from China, and it is also the number one trading partner of South Korea. The agreement between the two countries is with regard to the spending of the government, investments, goods, services and e-commerce (International Centre for Trade and Sustainable Development, 2015).
The Free Trade Agreement between China and South Korea has led to a situation of trade deficit for the United States of America. This is considered as a disadvantage for the USA because the trading activities are declining. The USA is considered as the first biggest economy in the world, and China is considered as the second biggest. The agreement between China and South Korea would help China in becoming the first biggest economy in the world and, therefore, growing in size as compared to the USA. In this regard, this agreement is a disadvantage for the USA.
// The Free Trade Agreement between China and South Korea would affect the economy of the USA in a negative, ...
The expert examines China and South Korea an increase in trade. The response addresses the query is posted in 954 words with APA References.