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Untitled Prezi

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by

Hyunji Lee

on 12 June 2017

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Transcript of Untitled Prezi

International Trade
FTA
Definition
US-FTA Timeline
NAFTA
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
Central American
(DRCAFTA)
2005
Panama
Colombia
S.Korea
2011
TAFTA
Transatlantic FTA

EU & US
?????
Australia
Chile
Singapore
2004
2006
Bahrain
Morocco
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
Economic Partnership,
Political Cooperation
and Cooperation Agreement
EU-South Africa Trade,
Development and
Co-operation Agreement
(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
Full transcript