Trading in the Caribbean

April 9, 2015

American & Caribbean Basin

Alexis Daniels, Maya Johnson, and Courtney

Phillips

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.

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.

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 country’s

economy, their people and society, government, and military.

The Caribbean (1997 September) Retrieved from www.cbato.fas.usda.gov/cfm_summary.htm

This source helped me find information about wholesale and retail systems in the Caribbean. It

was very helpful and gave background information about food processed/ exported and imported form

there which I related back to our presentation.