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Pros and Cons
EU and the US Hyunji Lee What is FTA? (F)ree (T)rade (A)greements
common external tariffs
the tariffs/taxes & duties,
quotas & customs INTERNATIONAL TRADE US - FTAs Timeline Israel 1985 2001 North American FTA
: US, Canada, Mexico Jordan 1994 Dominican Republic
(DRCAFTA) 2005 Panama
S.Korea 2011 TAFTA
EU & US ????? Australia
Singapore 2004 2006 Bahrain
Oman 2007 Peru US FTA Negotiation Advantages of NAFTA Eliminate Tariffs International rights for business investors Ability to bid on government contracts Intellectual properties protection Benefits Increase in Trade Growth in US Farm Exports Trade Surplus in Services Cheaper oil and grocery Prices Higher foreign direct investment I believe we have made a decision now that will permit us to create an economic order in the world that will promote more growth, more equality, better preservation of the environment, and a greater possibility of world peace. We are on the verge of a global economic expansion that is sparked by the fact that the United States lit this critical moment decided that we would compete, not retreat.
In a few moments, I will sign the North American free trade act into law. NAFTA will tear clown trade barriers between our three nations. It will create the world's largest trade zone and create 200,000 jobs in this country by 1995 alone. The environmental and labor side agreements negotiated by our administration will make this agreement a force for social progress as well as economic growth. from 2:00 Remarks on the Signing of NAFTA (December 8, 1993) US Unemployment Disadvantages of NAFTA Nearly 80% of the losses were in manufacturing. Mexico Farm Mexico lost 1.3 million farm jobs U.S. Wages Suppression Factory or Union? Mexico Environment more fertilizers in Mexico agribusiness Canada Unemployment Canada becoming too dependent on the US 3:00 - 4:36 So... what about the EU? EU-Chile
Association Agreement EU-Korea
Free Trade Agreement EU-Mexico
and Cooperation Agreement EU-South Africa Trade,
(TDCA) EU-ASEAN - FTA EU-Canada Comprehensive Economic and Trade Agreement (CETA) EU-GCC FTA Gulf Co-operation Council (GCC), i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates EU-India FTA EU-Malaysia FTA EU-Singapore FTA EU-Ukraine FTA In Negotiation TRANSATLANTIC RELATIONS
EU-US trade deal is
'unique opportunity' http://www.dw.de/eu-us-trade-deal-is-unique-opportunity/a-16584523 2:20 US-EU plans to join forces via a free-trade agreement are taking on shape. Goods and services traded between the EU and US constitute the largest bilateral economic partnership in the world.
Daily, they amount to more than 1.8 billion euros ($2.4 million).
The combined GDPs of the US and EU account for approximately half of worldwide economic output and one-third of the global flow of goods.
According to EU estimates, a comprehensive free-trade agreement between the EU and US would raise the EU's GDP by one-half percent, or 66 billion euros per year. A similar increase is expected for the US. What do you think? Are you for or against TAFTA? Thank you for your attention! Any questions? need to know after NAFTA 8:00 - 9:00