Economy

Impact of Free Trade Agreements

Your import can be benefited by the FTAs in force, these acronyms refer to free trade agreements, either bilateral or multilateral to form a strategic trade union, determining the tariffs and duties that the countries involved impose on imports and exports with the aim of reducing or eliminating trade barriers, thus promoting international trade. It is important to highlight the difference that exists with the customs unions, in the second case it is a fundamental requirement that a common tarif...
Read More

Current decline of the Panama Canal

According to recent reports, losses in Panamanian trade have been estimated at approximately US$200 million per day, this due to the protests that have led to the blockage of important routes for the transit of import and export cargo. Since its inauguration on August 15, 1914, the Panama Canal has contributed to maritime communication and commercial exchange, connecting the Caribbean Sea with the Pacific Ocean, and has been an influential factor in the decisions and flow of global trade. Panama...
Read More

What a country’s trade deficit says

One of the indicators that help us determine the health of a country’s economy is the trade deficit, which is obtained from the research and comparison of data on imports and exports made by a nation at a given time, this comparison is known as the trade balance. Two scenarios can result from this operation: Trade surplus: when exports are greater than the purchases made to other countries, therefore income from import collections is higher, being very favorable for the development and sus...
Read More
English
×