Understanding Regional Trade Agreements

Understanding Regional Trade Agreements

The United States currently has 14 free trade agreements with 20 countries.  Other nations have free trade agreements, but also utilize agreements that lead to deeper levels of economic integration.  This webinar will describe the key features of a free trade agreement, a customs union, a common market and an economic union and give examples of each currently existing in the global market.  Free trade agreements may create a competitive advantage for your firm so they are important consideration in market entry decisions.  

Why this matters to your business

Many U.S. exporters do the majority of their business in the areas where the U.S. has a free trade agreement

  • when agreements are signed, the U.S. government develops resources to help firms figure out products that would be in demand in that market
  • most new to export firms start with Canada or Mexico because of the free trade area
  • products can be more competitively priced if there are no tariffs

Business challenges you may face without this knowledge

  • to take advantage of the free trade area, firms need to know what Rules of Origin are and why they matter
  • market selection is critical for export success

Who should watch this webinar

  • Business owners and sales managers who want to learn more about where the U.S. has free trade agreements
  • Any business leader considering foreign market entry

 

Expert

Laurie Wolff, CGBP

Key things you will learn to help your business

  • The main features of a free trade agreement, a customs union, a common market, and an economic union
  • Why Rules of Origin are an important consideration in trade under a free trade agreement
  • What competitive issues U.S. firms may face when considering entering a region that participates in a customs union, a common market or an economic union
  • The implications of Brexit for future trade agreements

NASBITE 0.5 CEU's

NASBITE International Certified Global Business Professionals are required to submit 10 Continuing Education Units (CEUs) per year to satisfy their yearly credential re-certification.

This training webinar will be recognized by NASBITE International as 0 CEUs

Details of all training and dates on the Trade Passport website are captured for registered users under User Stats in the main menu and can be submitted to NASBITE International on the NASBITE here

  • Understanding Regional Trade Agreements
  • Laurie Wolff, CGBP

  • Laurie Wolff is an instructor in the Department of Economics and Finance for the AASCB accredited School of Business at Southern Illinois University Edwardsville.  She is a Certified Trainer for NASBITE’s CGBP credential and a Past President of NASBITE International.  She currently serves the Board of Governors as a Distinguished Fellow and is the lead facilitator for NASBITE’s webinar programs as well as the annual student case competition.  She speaks regularly to the international business community, especially on exchange rate fluctuations and risk management.

    She holds undergraduate degrees in journalism and in economics from the University of Missouri Columbia and as well as an MA in economics.

    Email: lwolff@siue.edu

  • https://player.vimeo.com/video/441100388

  • Key things you will learn to help your business

    • The main features of a free trade agreement, a customs union, a common market, and an economic union
    • Why Rules of Origin are an important consideration in trade under a free trade agreement
    • What competitive issues U.S. firms may face when considering entering a region that participates in a customs union, a common market or an economic union
    • The implications of Brexit for future trade agreements
  • 0.5
  • 23/07/2020

Expert

Laurie Wolff, CGBP

Laurie Wolff is an instructor in the Department of Economics and Finance for the AASCB accredited School of Business at Southern Illinois University Edwardsville.  She is a Certified Trainer for NASBITE’s CGBP credential and a Past President of NASBITE International.  She currently serves the Board of Governors as a Distinguished Fellow and is the lead facilitator for NASBITE’s webinar programs as well as the annual student case competition.  She speaks regularly to the international business community, especially on exchange rate fluctuations and risk management.

She holds undergraduate degrees in journalism and in economics from the University of Missouri Columbia and as well as an MA in economics.

Email: lwolff@siue.edu



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    Comments

  1. Warren Banks MBA, CGBP
    20 March, 2021

    Good to see presenter. Topics presented in organized fashion. Details good.

    Reply

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