{"id":3229,"date":"2022-04-27T13:44:04","date_gmt":"2022-04-27T05:44:04","guid":{"rendered":"https:\/\/www.imtcoeu.org\/?page_id=3229"},"modified":"2022-05-11T16:25:59","modified_gmt":"2022-05-11T08:25:59","slug":"trade-challenges-and-opportunities","status":"publish","type":"page","link":"https:\/\/www.imtcoeu.org\/index.php\/trade-challenges-and-opportunities\/","title":{"rendered":"Trade Challenges and Opportunities"},"content":{"rendered":"
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Research on Trade Cooperation Data of Various Economies<\/h2>\n <\/div>\n <\/div>\n
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At present, global multilateral trade cooperation is the mainstream and unstoppable. For regional economies, the advantages of multilateral trade cooperation outweigh the disadvantages. Take the EU, APEC and the USMCA as examples,\n three of the more common regional economies. Conduct research to provide possible countermeasures.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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\n \n UN <\/span><\/a>\n \n APEC<\/span><\/a>\n \n NAFTA<\/span><\/a>\n <\/div>\n
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European Union (EU)<\/h4>\n <\/div>\n <\/div>\n
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When it comes to global trade, the EU leads the way. The openness of the EU’s trade arrangements has made it the largest player on the global trade stage and remains a good place to do business.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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Every day, the EU exports hundreds of millions of euros worth of goods and imports hundreds of millions of euros. It is the world’s largest exporter of manufactured goods and services and the largest export market for some 80\n countries.<\/p>\n

EU countries together account for 16% of world imports and exports.<\/p>\n <\/div>\n <\/div>\n

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Trade Agreements>><\/span><\/a>\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n
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(Become a member and learn more)<\/em><\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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Asia-Pacific Economic Cooperation (APEC)<\/h4>\n <\/div>\n <\/div>\n
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APEC has developed into an engine of economic growth and one of the most important regional forums in the Asia-Pacific region. Its 21 member economies, with a population of about 2.9 billion, accounted for about 60%\n of world GDP and 48% of world trade in 2018.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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Driven by APEC, the region has seen rapid economic growth, with real GDP rising from $19 <\/span>trillion in 1989 to $46.9 trillion\n in 2018. At the same time, per capita incomes of Asia-Pacific residents rose by 74%, pulling millions out of poverty and creating a growing middle class in less than three years.<\/p>\n

Bringing the region closer together, reducing trade barriers and eliminating regulatory disparities boosted trade, which in turn led to a surge in prosperity. Average tariffs have fallen from 17 percent in 1989 to 5.2 percent\n in 2020. Over the same period, total trade in the Asia-Pacific region has grown more than sevenfold, outpacing the rest of the world, with two-thirds of trade occurring between member economies.<\/p>\n

APEC has implemented a wide range of initiatives to help integrate the region’s economies and facilitate trade, while addressing sustainability and social equity issues.<\/p>\n <\/div>\n <\/div>\n

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(Become a member and learn more)<\/em><\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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North American Free Trade Area (NAFTA) \/ United States-Mexico-Canada Agreement (USMCA)<\/h4>\n <\/div>\n <\/div>\n
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The North American Free Trade Agreement (NAFTA), promulgated in 1994, established a free trade area for Mexico, Canada and the United States, and is the most important feature of the bilateral commercial relationship\n between the United States and Mexico. Mexico is the third largest trading partner of the United States and the second largest export market for American products. Two-way trade in goods and services totaled $678 billion,\n and this trade supports millions of U.S. jobs, both directly and indirectly. In 2018, the U.S. sold $265 billion in <\/span><\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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U.S. products and $34 billion in services to Mexico, and U.S. sales to Mexico totaled $299 billion. Mexico is the No. 1 or No. 2 export destination for 27 U.S. states. <\/p>\n

NAFTA covers services other than air transport, maritime transport and basic telecommunications. The agreement also provides intellectual property protection in a number of areas, including patents, trademarks and copyrighted\n material. NAFTA’s government procurement provisions apply not only to goods, but also to service and construction contracts at the federal level. In addition, U.S. investors are guaranteed the same treatment as domestic investors\n in Mexico and Canada.<\/p>\n

The U.S.-Mexico-Canada Agreement (USMCA), which replaces the North American Free Trade Agreement (NAFTA), entered into force on July 1, 2020.<\/p>\n <\/div>\n <\/div>\n

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Trade Agreements>><\/span><\/a>\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n
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(Become a member and learn more)<\/em><\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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Research on Trade Cooperation Data of Various Economies […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width-page.php","meta":{"footnotes":""},"class_list":["post-3229","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/pages\/3229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/comments?post=3229"}],"version-history":[{"count":20,"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/pages\/3229\/revisions"}],"predecessor-version":[{"id":4473,"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/pages\/3229\/revisions\/4473"}],"wp:attachment":[{"href":"https:\/\/www.imtcoeu.org\/index.php\/wp-json\/wp\/v2\/media?parent=3229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}