1. 1. Trading in the Caribbean April 9, 2015 American & Caribbean Basin Alexis Daniels, Maya Johnson, and Courtney Phillips
2. 2. Abstract The region of North America, Central America, /the West Indies, and South America are much dependent on the continent with the most opportunity, and considerable amount of debt. This trading block is considerably substantial because of the North American Free Trade Agreement (NAFTA). This trade agreement allows those countries dependent on the United States, especially those solely dependent on the United States, to reap the benefits from the US and of the other two countries that are a part of this agreement. With this dependency, these countries have economies and industrial development of very young countries. All regions are also well involved with trading whether it be with their neighboring countries or others farther off. Central America has a free trade agreement with the United States put in place almost ten years ago. However South America has been much less receptive to making or even attempting to make bilateral trade agreements with the United States. North America (United States) itself is open to new trading partners that reach their standards. While, they participate in free trade with some countries under an agreement, others have tariffs and quotas placed on them. From these deeply cultural regions cotton, denim, wool from animals such as alpacas and sheep, hemp and others are produced and exported. They also still stick to some traditions such as hand weaving and looming as their technology for making the garments. From very traditional styles of retailing such as markets to more advanced styles that are seen in America the nature of the retailing systems varies from continent to continent. Wholesale is mostly imported.
3. 3. Annotated Bibliography Global Economic Prospects. (2015, January 1). Retrieved April 8, 2015, from http://www.worldbank.org/en/publication/global-economic-prospects/regional-outlooks/lac. This source was used to provide information of the development in Central and Latin America. There was information on the present statistics of these countries as well as prediction of where this region will be will be in development. I used this source to identify and understand economic development and trade facts about this region. North America Flexes its Industrial Muscle. (2012, January 1). Retrieved April 8, 2015, from http://www.accenture.com/us-en/outlook/Pages/outlook-journal-2012-north-america-flexes- industrial-muscle.aspx. This source provide allowed me to understand the commonality of the lost money trend. There are trends in if North America loses money it affects those who are trading with them. Specifically, it affects Central America because they are very dependent on imports directly from the United States. Dominican Republic-Central America-United States Free Trade Agreement (2014 April, 4) Retrieved from http://export.gov/FTA/cafta-dr/index.asp From this source I just used information about the free trade agreement between Central America and the U.S. I also found details about the agreement like dates and tariff rules. Trade in South America: Pisco sour (2006 August, 24) Retrieved from http://www.economist.com/node/7835902 This source told me a lot about South America and their divided trading issues. It told me about each sides views and alliances. It also went a little into depth about their presidents and past relations with other countries.
4. 4. The World Fact book (2014 June, 22) Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/gt.html From this source I navigated through the directed pages to different countries to find out information about their imports and exports. It also went in to depth about each countrys economy, their people and society, government, and military. The Caribbean(1997 September) Retrievedfrom www.cbato.fas.usda.gov/cfm_summary.htm Thissource helpedme findinformationaboutwholesale andretail systemsinthe Caribbean.It was veryhelpful andgave backgroundinformationaboutfoodprocessed/exportedandimportedform there whichIrelatedbackto our presentation.