This is a 2 part assignment! First write a discussion post answering the question
in part 1, then the second part is to write 2 responses to 2 other students ( find
them in part 2). For the responses write them directly to them not in 3rd person.
Writing a response to their discussion, what you think about it agree or disagree
but in a positive manner.
DO NOT FORGET APA style CITATION AND Please read ALL instructions!!!!!
Chose one of the following questions and respond to the question raised. No more
than 2 students/teams may answer any given question. You should consider reserving a
question before beginning to compose your response.
In your response, provide summaries, NOT quotes, of material set out in the text to
show that you have read the assigned chapters and can apply what you have read.
These assignments are NOT meant to encourage research on the Internet. All that you
need is in the text. Ideally, the text will be your only source. As you progress through the
readings, your responses should incorporate information you have gathered from
multiple sections of the text. Please provide FREQUENT references to pages from the
text used in the response.
The question I have chosen is :
Do you prefer that the U.S. enter into global organizations like the WTO or more
local organizations like NAFTA? Why?
Student #1 XUEHUI
Will NAFTA survive a "Trump" presidency?
Trump's position that every major trade agreement to modify the agreement is one of
his priorities. He recognizes that establishing good trade relations with every neighbor-ing
country and every major player in the world is crucial to the world economy. Therefore, at
the beginning of 2018, the Trump administration continued to firmly be-lieve that trade
relations with neighboring countries Mexico and Canada would be readjusted to benefit the
United States. Trump has always threatened to quit the North American Free Trade
Agreement (NAFTA) if he does not get what he wants. (Schaffer, R., Earle, B., & Agusti, F,
At present, however, the representatives of the three countries remain cautiously
optimistic about the future of the North American Free Trade Agreement, although progress
is slow. The prospects for the operating companies of three North American economies, such
as Ford, Coca-Cola, HP, general electric and general motors, are still uncertain. (Ciuriak, D,
2017) If the North American Free Trade Agreement is to end, this will lead to the economic
shock of the whole continent. Agriculture in the United States mainly depends on the market
in Mexico. The manufacturer has set up a complex supply chain across the border of the
North American Free Trade Zone. (Summerbymurray, R, 2017) Consumers have benefited
from the cost reduction. The NAFTA eliminated most of the trade barriers in the United
States, Canada and Mexico, and led to the explosive growth of trade between the three
countries. At the same time, but there is a corresponding cost. The agreement sent hundreds
of thousands of American manufacturing jobs to Mexico, where businesses used low wage
How to build a free trade zone, such as the North American Free Trade Agreement (NAFTA),
conforms to the GATT or WTO global framework? Does a bilateral or regional free trade zone
violate nondiscriminatory trade principles and MFN treatment? WTO safeguard the
international trade and NAFTA is major focus on North America trade. (Schaffer, R., Earle, B.,
& Agusti, F, 2014) So I think Trump is also considering and evaluating the evaluation of these
parameters, but the trade between neighboring countries will not be stopped by Trump's
concerns only. No matter what decision Trump made, but objectively speaking, if the end of
the trade agreement of NAFTA results: the United States will lose billions of dollars and
thousands of jobs, the political consequences will finally spread to the whole country.
Ciuriak, D. (2017). Renegotiating NAFTA: implications for Canada of possible trump
Schaffer, R., Earle, B., & Agusti, F. (2014). International business law and its environment.
Summerbymurray, R. (2017). Trump, canada and nafta: trading protection or protecting
trade? Round Table, 1-3.
Student #2 Kayla
Identify three fundamental differences between NAFTA and the European Union.
1) Customs Union and FTA. Customs Unions there is free trade in all goods that come
through any of the union members, even imports from outside the customs union. FTA there
is only free trade in goods that were produced within the FTA. (Schaffer, Agusti, & Dhooge,
2015, p. 375)
2) The EU has multiple groups working for them (European Council, Council of Ministers of
the European Union, Commission of the European Union, European Parliament, the Court
of Justice) (Schaffer, Agusti, & Dhooge, 2015, p. 411). These groups all have various
responsibilities to the EU. NAFTA does not have this, Canada, US and Mexico are not
as…united as the EU is. NAFTA is just a trade agreement (Schaffer, Agusti, & Dhooge,
2015, p. 378), but the EU has an entire set of leaders and policies to help each other work
together. NAFTA does not have leadership like that.
3) Currency. The EU adopted a common currency, the Euro, implemented in 2002
(Schaffer, Agusti, & Dhooge, 2015, p. 423). Although, some countries in the EU have opted
out of having the common currency, all are required to eventually implement it. In NAFTA,
each country still has its own currency.
Schaffer, R., Agusti, F., & Dhooge, L. J. (2015). Introduction to International
Business.Stamford: Cengage Learning.
Purchase answer to see full