Colombian Trade Treaty Essay Example | Topics and Well Written Essays - 500 words

Colombian clientele Treaty - Essay ExampleMoreover, the market go forth also be expanded and consequently exit competitiveness in general U.S businesses due to the large market created. Considering the fact that the United States account for most(prenominal) of the imports that Colombia receives, elimination of tariffs and other barriers to U.S exports get out be advantageous to the U.S. because there will be less expense in regard to customs duty. The U.S. shall also in be a position to increase the add up of goods it exports that will defy a significant increase in the American jobs created. This is because increase in jobs will be as a result of increased market and increased demand for goods (Benefits of the U.S.-Colombia Trade publicity Agreement 1).Further more than, American investors will have an opportunity to be protected from unfair practices and treatment in Colombia. This means that, American investors will have an open and level field to conduct their business, a nd also have a neutral means to settle any disputes that occur as a result of investing. In addition, those (American investors) taking part in procurement business have a guarantee to be tough fairly and in a nondiscriminatory manner when it comes to providing services and products to government agencies and public service (Benefits of the U.S.-Colombia Trade promotion Agreement 3). As a result of having a free trade agreement, the long term stinting benefits towards the U.S. will be in excesses because trade between Colombia and itself accounts for less than 1% of the total trade. Thus, scraping tariffs for imports from Colombia will be more of a way to find market for its surplus and financial benefits.Colombia stands to lose a lot despite the other gains made from the trade agreement. The agreement sets an unfair trade relationship with its stand on rules undermining the wellbeing of its people. This is because farmers remain worried that they will be driven out of business a nd more into poverty, due to imports of cheap goods