Trade Agreement Assignment
Instructions
- Choose a regional trade agreement from the many around the world (EU, MERCOSUR, CAN, NAFTA, GCC, SACU, CACM, DR-CAFTA-US, SAARC, CARICOM, ASEAN, SAARC, Arab League, African Union).
Identify the kind of trading bloc (customs union, free trade area, common market, monetary union, etc.) and its purposes. - Briefly discuss the history/timeline of the trading bloc, full member states, associate member states and observer states.
- Describe the organizational structure of the bloc and the functions. List the current leaders.
- Discuss the latest balance of trade indicators such as GDP per capita, exports, imports, etc. How is the trading bloc doing in terms of growth?
- Discuss current issues/challenges facing the bloc, and the more likely outcome.
- Discuss the impact that membership in the trading bloc has had on the economy of one member nation.
Requirement: APA format (Links to an external site.). Minimum 1500 words. Make sure you use proper headings/subheadings to differentiate the six questions being asked. Include reference page and in-text citation.
Solution Preview
Introduction on Trading Blocs
Trading blocs are usually intergovernmental agreements which are often part of a larger regional intergovernmental organization where the barriers used in a trade like the tariffs are eliminated or reduced among the states that are in participation. There are different types of trading blocs that include; customs union, preferential trade areas (PTA), common market, free trade area, and monetary unions.
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