Respuesta :
Our nation is able to develop world-class services and goods utilizing breakthrough technology thanks to investments in resources and capabilities.
- It will be simpler to sell these items in new, developing, and previously untapped areas because to the Transpacific Partnership.
- It will broaden the market, raise demand, and boost manufacturing in the United States.
The Transpacific Partnership will solidify our status as one of the finest trading partners in the world. It's a once-in-a-lifetime chance to put more prosperity in the hands of hardworking Americans and propel the US economy to new heights.
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Answer:
The United States and Chile have passed modifications to the 2004 free-trade agreement between the countries. There are multiple benefits to the amendments, which will provide new opportunities and increased profits through trade.
Firstly, there will be an increase in job opportunities in the United States in consumer and industrial products, including the agricultural and construction sectors. The US exports of automobiles and parts, computers, IT products, medical supplies and equipment will assist in boosting our country's 40 million jobs in the export industry. In addition, 25% of US export-related manufacturing jobs will likely increase to over 35% due to the recent modifications to the free trade agreement with Chile.
Another benefit will be the increased access to the rapidly expanding services market in Chile. This will open the door for increased opportunities in telecommunications, securities and US banks, international delivery services and healthcare professionals. The current privatized pension system in Chile will have options to provide financial services offered by US firms to their citizens. The modifications to this free-trade agreement establishes transparency rules and regulations to ensure that service regulators operate fairly and consistently in Chile.
Lastly, both the US and Chile are strongly committed to establishing new laws regarding environmental protection and enforcing previous regulations. Chile has implemented reforms of existing environmental institutions pursuant to the Environment Chapter of the Agreement, and established new institutions, such as the Ministry of Environment. Cooperative projects include wildlife conservation, management of natural resources, and the elimination of hazardous chemicals used in mining and manufacturing. In addition, the US will work with Chile to promote internationally recognized labor principles to protect employees.
In addition to the direct benefits to the trade, service and manufacturing industries, it is projected that the result of this new agreement with Chile will increase the US GDP by $4.2 billion and the Chilean GDP by $700 million.
Explanation:
For the Edmentum/Plato Activity for Growth:Tutorial (Economics)
