In recent presidential debates, Mitt Romney has discussed in his plans as president that within the first 100 days in office that he will launch vigorous public democracy and trade promotion effort with Latin America. What economic benefit will this give the United States? What impact would it have on the United States? Is this something that the United States should be considering no matter which one becomes president?
I can see how it would allow us to trade products at a closer locations (in turn reducing cost of transporting) then what we may be currently doing if trading at a further location. This leads to make me also wonder that if we were to choose to trade with Latin America over the current locations would that cause tension/issues with the current location?
Details of Mitt Romney's Plan
US and Latin America Trade: Recent Trends and Policy Issues
Despite the logical factor of cheaper coasts of transportation because of distance, I think Romney had a good vision because there are lot of things that Latin America is intensive in that the US is not it.For example certain crops are cheaper there, certain minerals that aren't available are there so opening trade with them and having some sort of an understanding will be beneficial.
ReplyDeleteI agree and I think that is why it is something that the US should definitely consider and keep in sight. It could be very beneficial to the US because of its location, but the US does need to evaluate the pros and cons of trading with Latin America. I do believe that there are items in Latin America that are cheaper than they are here in the US.
ReplyDelete