Professional Documents
Culture Documents
FASE EJECUCIÓN
INSTRUCTORA:
VICKY BERENA GOMEZ SAUDA
Anexe la fotografía del artículo para conocer la revista, libro o sitio web de donde
fue tomado dicho artículo.
KEY VOCABULARY
International Trade: comercio internacional
Duty: aranceles
regional trade agreements: acuerdos comerciales regionales
Transpacific Association: Asociación Transpacífica
currency wars: guerras de divisas
Balance of trade: Balanza comercial
Subsidies: subsidios
commercial deficit: déficit comercial
MAIN IDEA
Imports and exports are reflected in the trade balance, which measures the difference
between both variants. It is established with the difference between the goods that a
country sells abroad (exports) and the goods that it buys to other countries (imports).
When the value of exports is less than that of imports, we speak of a deficit in the trade
balance.
There are countries that have certain advantages in comparisons with others due to many
factors such as climate, language, in terms of product. The desire of countries to export a
product is to increase exports every day the more they export, the greater their
competitive advantage. Acquire experience in the production of goods and services. They
also get knowledge on how to sell to foreign markets.
Foreigners pay for exports, either in their own currency or in US dollars.
Countries also increase exports through the negotiation of trade agreements. They boost
exports by reducing trade protectionism. The World Trade Organization tried to negotiate
a multilateral agreement among its 149 members. The so-called Doha agreement was
almost successful. But the European Union and the United States refused to eliminate
their agricultural subsidies.