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A Brief Overview of Trade Structures in the Americas and a Comparison of Economic Markets in the United States and Cuba

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Essay / Research Paper Abstract

This is a 6 page paper discussing trade in the Americas in two sections. The first section is a brief overview of the trade structures in the Americas which existed mainly up until 1989. The five main regions which form the agreements of NAFTA, Caricom, CACM, Andean Pact, and the Mercosur group are outlined. The second section is a comparison of the economic markets in the United States and Cuba up to present day. The comparison includes statistical information regarding GDP, imports, exports, and labor force sectors among others. Bibliography lists 5 sources.

Page Count:

6 pages (~225 words per page)

File: D0_TJtraAm1.rtf

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Unformatted sample text from the term paper:

1989, the invasion of Panama, many of the countries in the Americas have struggled to forge and maintain trade agreements in the international arena. The trade areas in the Americas are generally separated into five different regions, all of which are still trying to incorporate trade agreements to this day. One of the most recent alliances in trade in the Americas which deserves a brief mention but was formed in 1989 is that between Canada, Mexico and the United States representing over 387 million people. The North American Free Trade Agreement (NAFTA) seeks to promote free trade in goods and services and increasing investment by eliminating tariff protection and also include coverage of government procurement, intellectual property and investor rights. Most of the controversy over the NAFTA agreement comes in the areas of labor rights and environmental concerns (Kooros, McManis & Albareda, 2002). Formed in 1973 to increase the Caribbean Free Trade Arena, the Caribbean Community and Common Market (Caricom) is a customs agreement between the countries of Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago which represents over 6 million people. The GDP (gross domestic product) of Caricom is approximately $28.6 million and the Dominican Republic which is not a member adds another $2.5 million in US export to the region (Kooros, McManis & Albareda, 2002). Another customs union was formed in 1960 called the Central American Common Market (CACM) and its members include Guatemala, Honduras, Nicaragua, Costa Rica and El Salvador. Panama and Belize have an "observer" status. The goal of CACM is the reduction of tariffs to ...

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