Post B

B: Chose another topic of international concern. Summarize the issue and try to present the different opinions (with or without your personal bias.)

 Link to another site or source for more info... look for sources that represent differing perspectives. (most points if you can present sources of differing perspectives.)

Free Trade Agreement - Right or Wrong Decision

The Issue: Colombia and The United States, agreed a free trade agreement contract for about ten years. Some say that this trade contract affects the economy for Colombia, but some others say that its beneficial for the economy, imports/ exports. 

According to the Office of The United States Trade Representative: "Over 80 percent of U.S. exports of consumer and industrial products to Colombia will become duty free immediately, with remaining tariffs phased out over 10 years. The U.S.–Colombia Trade Promotion Agreement (TPA) will support more American jobs, increase U.S. exports, and enhance U.S. competitiveness." This previous information reveals the benefits of the United States. Some people argue that the benefits are greater for the united states, the economy of Colombia is unbalanced due to the free trade agreement. 

For Colombia the situation is a little complicated. For the Colombian economy this trade was a challenge, the Colombian industry faced many complications, but also benefits. Complications such as, the reducing of agricultural prices, creating trouble in the rural areas. For industralists it was different, they needed to make reforms in order to succeed. Eventually, between time, the economy of both countries will stabilise, imports and exports will grow for the better, that is the purpose.

Works Cited:

  "Lo Bueno Y Lo Malo Del TLC Para Colombia." Lo Bueno Y Lo Malo Del TLC Para Colombia. N.p., n.d. Web. 24 Mar. 2014

"U.S.-Colombia Trade Agreement Now In Force." Office of the United States Trade Representative. N.p., n.d. Web. 24 Mar. 2014.