International Trade
Agreements are the framework
by which much of the world's
economy is organized.
As you begin to consider the
best markets for your
products or services, you
also need to take into
consideration the trade
agreements which may impact
on you potential for
success.
APEC
- The Asia-Pacific
Economic Cooperation, or
APEC, is the premier
forum for facilitating
economic growth,
cooperation, trade and
investment in the
Asia-Pacific region.
APEC has 21 members. The
word 'economies' is used
to describe APEC members
because the APEC
cooperative process is
predominantly concerned
with trade and economic
issues, with members
engaging with one
another as economic
entities.
CAFTA (United
States-Central
America-Dominican
Republic Free Trade
Agreement) Although
still in negotiation,
CAFTA provides benefits
to
Nevada farmers and
exporters.
Nevada Agriculture Benefits From CAFTA-DR -
Exports
of
farm
products
help
boost
Nevada’s
farm
prices
and
income.
Such
exports
help
support
jobs
both
on
and
off
the
farm
in
food
processing,
storage,
and
transportation.
In
2003,
Nevada’s
farm
cash
receipts
were
$396
million,
and
agricultural
exports
were
estimated
at
$32
million,
putting
its
reliance
on
agricultural
exports
at
8
percent.
Implementation
of
the
Dominican
Republic-Central
America-United
States
Free
Trade
Agreement
(CAFTA-DR)
will
increase
Nevada’s
exports
of
agricultural
products.
U.S. Export Growth to CAFTA-DR Countries Is Broadly Based. Merchandise exports to five of the six CAFTA-DR nations increased from 2000 to 2004, led by a 56 percent ($213 million) increase in exports to Nicaragua. Nicaragua was followed by Costa Rica (U.S. exports up 35 percent, or $858 million), Guatemala (up 34 percent, or $653 million), Honduras (up 19 percent, or $502 million), El Salvador (up 5 percent, or $93 million).
EEC
- The European Union (EU)
is a family of democratic
European countries,
committed to working
together for peace and
prosperity.It
is not a State intended to
replace existing states, but
it is more than any other
international organization.
The EU is, in fact, unique.
Its Member States have set
up common institutions to
which they delegate some of
their sovereignty so that
decisions on specific
matters of joint interest
can be made democratically
at European
level. The
European Economic Community
has also been referred to as
"Internal Market",
"EEC" and
"Single
Market".
European Free Trade Association
- Iceland,
Liechtenstein, Norway
and Switzerland are
members of EFTA. The
EFTA Convention
established a free trade
area among its Member
States in 1960. In
addition, the EFTA
States have jointly
concluded free trade
agreements with a number
of countries worldwide.
NAFTA
- NAFTA entered into force
on January 1, 1994. It is
the most comprehensive and
largest regional trade
agreement in the world, with
nearly 400 million people
producing over $8 trillion
dollars worth of goods and
services.
