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Cheaper goods due to lower import/export taxes.

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โˆ™ 2010-05-07 14:17:19
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Q: What are the Benefits of US free trade agreements?
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Does Mexico export goods to other places?

Yes it does: Mexico is one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements. It also ranks as the thirteenth and fourteenth largest importing and exporting country (US$305 billion and US$294 billion, respectively) worldwide.


What were the important agreements between the US and Mexico?

The North American Free Trade Agreement or NAFTA is the most important among them.


Why did british control of the American colonies contribute to the development of the free enterprise system in the US?

Great Britain established free trade agreements with other wealthy nation.


Does Canada have free trade with Germany?

Canada has a degree of free trade with Germany under the terms of the World Trade Organization of which both countries are members; it does not have the same degree of unrestricted trade that it has with the US and Mexico under the terms of the North American Free Trade Agreement. All of these trade agreements are very complicated. But in general, there is certainly commerce between Canada and Germany.


Hawaii held a trade agreement with the US which allowed duty-free importation of sugar to the mainland. What did the local kingdom give to the US in return for these trade benefits?

Pearl Harbor and Ford Island.


What treaties or agreements have been reached between Australia and other nations?

There are hundreds, from minor insignificant agreements to major agreements that affect the whole nation, as an example, Australia has free trade agreements with the following countries on a bilateral basis. (there are a few more through regional bodies) New Zealand Singapore Thailand US Chile


Who benefits and who does not benefit from free trade?

Free trade consists in few or no limits on trade between countries. Who would benefit? A good example for this topic would be us Americans ,it would enable more goods and services to reach American consumers at lower prices.


Does the US have free and open trade with Mexico?

Yes US have free and open trade with Mexico. Mexico trades most of the things with the US.


What is Mexico trade policy?

Mexico is the tenth largest economy in the world, with a Gross Domestic Product of US$1.85 trillion (2013). It is also the eleventh in terms of population with more than 120 million people for 2013, thus allowing Mexican exports to be not only raw materials such as oil or silver, but also manufactured goods and even high-technology products, including assembled aircraft, pharmaceuticals, communications equipment, and computer and office machinery.Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.Mexico is the tenth largest economy in the world, with a Gross Domestic Product of US$1.85 trillion (2013). It is also the eleventh in terms of population with more than 120 million people for 2013, thus allowing Mexican exports to be not only raw materials such as oil or silver, but also manufactured goods and even high-technology products, including assembled aircraft, pharmaceuticals, communications equipment, and computer and office machinery.Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.


How will a manufacturer in the US most benefit from Americas free trade agreements with other countries?

There are many many examples of how free trade has benefited the US over the course of the country's history. The US currently has 14 different trade agreements with 20 countries. The most prominent of these is with Australia. The trade agreement between both countries stimulated a 104% increase in the trade surplus of the United States, with a total of $26.1 billion in products being exported by the US. The reason that free trading like this stimulates so much revenue is because of supply and demand, which is the idea of the capitalist market. Opening free trading with other countries gives companies a much larger opportunity for companies to find demand for their product. A larger demand means that a company can produce a larger supply and expand, which generates more revenue for the company. Good question! Hope I helped!


What are some economic differences between Philippines and Mexico?

Mexico has an export-oriented economy, with foreign trade equivalent to US$464 billion (US$230 billion on exports, US$234 billion on imports) and much of its foreign trade has resulted from the many international trade agreements held with the rest of the the world. Mexico is the eleventh largest economy in the world in terms of purchasing-power-parity, with a GDP of US$1.47 trillion. It is also the eleventh in terms of population (111,211,789) and the seventeenth and sixteenth largest importing and exporting country worldwide. Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements. The Philippines, on the other hand, have an economy less dependent on exports. With a foreign trade equivalent to US$84 billion (US$38 billion on exports, US$46 billion on imports) the country is also strongly supported by large remittances from four-to five-million overseas Filipino workers. The Philippines are the 36th largest economy in the world, with a GDP of US$324 billion. It is also the twelfth most populated nation in the world (behind Mexico) with 97,976,603 inhabitants.


What is Mexico's impact on trade?

Mexico is the eleventh largest economy in the world, with a GDP of US$1.79 trillion. It is also the eleventh in terms of population (116,220,947) and the fourteenth and fifteenth largest importing and exporting country (US$370.8 billion and US$370.9 billion, respectively) worldwide. Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements. Finally, although the BRIC countries (Brazil, Russia, India, China) are considered to be the fastest-growing developing economies - and much media attention has been paid to them - it is estimated that by the end of 2050, Mexico will be the fifth largest economy in the world, just behind China, the United States, India and Brazil.

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