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

Colombian Trade Treaty - Essay ExampleMoreover, the market will also be spread tabu and consequently will competitiveness in general U.S businesses due to the large market created. Considering the fact that the United States account for most of the imports that Colombia receives, elimination of tariffs and otherwise barriers to U.S exports will be advantageous to the U.S. because there will be less spending in regard to customs duty. The U.S. shall also in be a arrangement to increase the number of goods it exports that will have 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 Promotion Agreement 1).Furthermore, American investors will have an opportunity to be protected from cheating(prenominal) practices and treatment in Colombia. This means that, American investors will have an open and level field to conduct their business, and al so 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 batten to be treated 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 economic benefits towards the U.S. will be in excesses because trade between Colombia and itself accounts for less than 1% of the amount 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 basis on rules undermining the wellbeing of its people. This is because farmers remain worried that they will be driven out of business and mor e into poverty, due to imports of cheap goods