BA 3340 Lecture 91: 2018 summer semester lecture86
Document Summary
The agreement permits all three countries to reduce trade barriers with one another while maintaining independent trade agreements with other countries. Triggered by smaller european countries in eu overspending and over borrowing. Could no longer service their debt as interest rates increased. Threatened to return to own currencies again this would make countries more protecdonist again. Other trade agreements: unasur and asean: union of south american nadons (unasur) 12 nadons economic free- trade zone in south american, the associadon of southeast asian nadons (asean) 10 countries. New and expanding markets present great potendal for trade and development. Internet usage and advances in e-commerce enable companies world wise to bypass historical distribudon channels to reach large markets that is only a mouse click away. China is the worlds largest exporter and second largest importer. The worlds largest importer is the united states. Manufacturers now use the term china price" to mean the lowest price possible.
