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Summary Research Paper BBA4101.docx BBA4101 Research Paper South College University BBA4101 Research Paper Abstract The purpose of this paper is still got foreign trade agreements and regulations as a whole and how they affect businesses and economies. T7,27 €
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Summary Research Paper BBA4101.docx BBA4101 Research Paper South College University BBA4101 Research Paper Abstract The purpose of this paper is still got foreign trade agreements and regulations as a whole and how they affect businesses and economies. T
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Research Paper BBA BBA4101 Research Paper South College University BBA4101 Research Paper Abstract The purpose of this paper is still got foreign trade agreements and regulations as a whole and how they affect businesses and economies. These agreements and regulations are what provide coun...
research paper bba4101docx bba4101 research paper south college university bba4101 research paper abstract the purpose of this paper is still got foreign trade agreements and regulations as
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BBA4101
Research Paper
South College University
BBA4101
Research Paper
Abstract
The purpose of this paper is still got foreign trade agreements and regulations as a whole
and how they affect businesses and economies. These agreements and regulations are what
provide countries the abilities to trade with other countries safely. Through research we can
look over time out these regulations came into play, how they affect the US economy, as well as
how they affect other countries that are involved in the agreements. Ford trade is a topic that
encompasses a wide variety of subject matter. This paper is not here to discuss every single
tricky but United States has but it is to focus on why we have these trade agreements, and how
they affected the country in the countries businesses.
There are many different trade regulations within the United States and all over the entire
world. Trade regulations are laws that are often enacted by both federal and state governments to
promote under restrained competition among businesses. “Trade Regulations are laws enacted by
Congress and/or by a state to ensure a free and competitive economy. The U.S. Constitution,
through the Commerce Clause, gives Congress exclusive power over trade activities between the
states and with foreign countries” (hg.org). Regulations like these promote free trade and fair
competition, we also see that trade regulations prohibit anticompetitive business practices. The
United states has many different trade regulations as well as trade agreements, affecting a wide
variety of commerce, and many different products. These agreements and regulations are in place
for many different reasons whether that is to protect our country from harmful items being
exported in, or because we have a specific agreement with a certain provider. It is important to
understand the basis of trade regulations as well as trade agreements to ensure that anyone it's not
, breaking these policies.
The most common trade agreements include the North Atlantic Free Trade Agreement
as well as the European Union. The United states is part of the World Trade Organization,
which is a global membership group that promotes and manages free trade. The World Trade
Organization administers multilateral trade agreements, and every member of the group
automatically receives lowered tariffs for their exports. Back to some common trade agreements
and what they mean and how they affect different countries. The North American Free Trade
Agreement or NAFTA is the world's largest free trade area. Not only does this agreement cover
the United states but it also covers Canada as well as Mexico. This agreement allowed all tariffs
between these countries to be eliminated. “Tariffs are taxes used to make foreign goods more
expensive. NAFTA created specific rules to regulate trade in farm products, automobiles, and
clothing” (Amadeo, 2020).
One of the most important things that NAFTA establish was procedures to resolve trade disputes.
the North American Free Trade Agreement came up with an itemized list of procedures to follow
when a trade dispute arises. This process ensure that all parties would avoid expensive lawsuits
in local courts and ensured that the countries understood the trade agreements complex rules and
procedures. There are some pros and cons to this trade agreement that the US is associated with.
“NAFTA had three significant advantages. U.S. grocery prices were lower due to tariff-free
imports from Mexico. Imported oil from both Canada and Mexico has prevented higher gas
prices. NAFTA also increased trade and economic growth for all three countries” (Amadeo,
2020). Some cons to this trade agreement is that US workers who kept jobs in these industries
that are affected by the trade agreement often have had to accept lower. NAFTA has also sent
many US manufacturing jobs to Mexico which is a lower cost territory.
It is extremely important to understand why trade regulations and laws are important. If a
business is involved in trading not only in the US but also globally it is important to understand
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