INB3550
September 23, 2013
Dr. Belay Seyoum

Table of Contents

Introduction………………………………………………………………

Summary……………………………………………………………….. International Trade International Trade Barriers Trade US – Latin America

Analysis/Implications…………………………………………………..

Conclusion……………………………………………………………….

Reference………………………………………………………………….

Introduction There are currently promotional agreements just passed congressional signature that is an integral part of our current presidential team agenda to increase opportunity for American businesses, farmers and workers to expand and improve access to foreign trade with Latin America. There are three agreements. One specific to Panama, one to Korea and one to Columbia. The purpose of this paper will focus on the pending Columbia and Panama trade agreements and the purpose of the Latin America trade coalition that is supporting this trade.

Summary
International Trade International trades along with investment are fundamental in our everyday lives. The food we eat, the cars we drive, the clothes we wear, and even the fuel in our vehicles are all factors of international trade. Many of our jobs here in the US are dependent on imports and exports. International trade is imports and exports. The definition of International Trade in Business Dictionary is “The exchange of goods or services along international borders. This type of trade allows for a greater competition and more competitive pricing in the market. The competition results in more affordable products for the consumer. The exchange of goods also affects the economy of the world as dictated by supply and demand, making goods and services obtainable which may not otherwise be available to consumers globally (Business Dictionary, 2012). Currently the largest exports and imports of merchandise are completed by developed