Trade AgreementOver the years the market conditions have become very sensitive to the…

Trade AgreementOver the years, the market conditions have become very sensitive to the informationprevailing in the economy as the communication industry is developing in double digitpercentages and they are so difficult to predict with though the business is so established. So theunderstanding of the trend of dynamism in the market has become a very difficult task post theglobalization, privation and liberalization as many of the economies opened up their marketwithout any hindrances in trade related activities. It may be noted that, an economy will becomea better place for trade, when there are favorable trade agreements between the two countrieseach country promises to improve the trade relationship. A country can improve its economicconditions and strengthened its Gross Domestic Product with more encouragement to the traderelated activities and ensure that there is better export oriented initiations that the country isengaged with and proper control systems are in place in order to ensure that, the economicactivities are under control always and needful actions are taken in requisite time for better tradepractices. In order to encourage trade, there are many initiatives taken up by the countries likeallowing production of certain exportable products in a tax heaven area or in a special economiczone, where the company engaged in manufacturing gets lots of benefit out of it.Trade agreement is an international agreement established on the conditions of the tradein case of goods and services and this is also an agreement resulting from collective bargaining.Generally Trade Agreements can create lots of opportunities for the citizens of Unites States andit also can help in growing the Unites States Economy. This includes closely watching each ofthe trade partners trade agreement implementation with United States with enforcement ofAmericas right as per those agreements, and signing and negotiating trade agreements whichadvances the trade policy of the honorable President.Out of many members of World Trade Organization (WTO), United States is one of themand USA also is a member of the Marrakash Agreement Established the World TradeOrganization framing rule for governing trade among the WTOs 154 members. The UnitesStates Of America along with other WTO members are presently taking care of the developmentof the Doha Agreement for both rendering services and goods that could be very importantcontribution to address the crisis in the global economy and support to restore the role of trade inleading economic growth along with development.There are Free Trade Agreements (FTA) that are signed by United States with close to 20countries and all these FTA are build on foundation of the WTO Agreement with stronger andcomprehensive WTO agreement. There are also bilateral agreements prevailing between twogovernments and there are also multilateral agreements like North-American-Free-TradeAgreement and the Dominican-Republic-Central-America-United States Free Trade Agreementamong much variety of parties. There are is another agreement namely Trade and InvestmentFramework Agreement, which provides a platform to governments to discuss the issues in tradeand investment. Majorly the bilateral and multilateraltrade agreements really support thegovernment to do motivate the business houses to get return on each of the dollar investment thatis gone to the system.ReferencesTrade Agreements. (n.d.). Retrieved June 30, 2015, from https://ustr.gov/trade-agreements#FREE TRADE AGREEMENTS. (n.d.). Retrieved June 30, 2015, from http://www.trade.gov/fta/

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