150 likes | 321 Vues
U.s. trade policy & the emerging markets of brazil and united Arab emirates. Andrea Currie ITRN 701 Spring 2012. overview. Emerging Economies U.S. Trade Policy Approach to Emerging Market - Brazil U.S. - Brazil Trade Relations and Agreement Brazil Potential Trade Growth Issues
E N D
U.s. trade policy & the emerging markets of brazil and united Arab emirates Andrea Currie ITRN 701 Spring 2012
overview • Emerging Economies • U.S. Trade Policy Approach to Emerging Market - Brazil • U.S. - Brazil Trade Relations and Agreement • Brazil Potential Trade Growth Issues • U.S. Trade Policy Approach to New Financial Power - United Arab Emirates • U.S. - U.A.E. Trade Relations and Agreements • U.A.E. Potential Trade Growth Issues • Questions
Emerging economies “Following 35 years of strong economic output by the Group of Seven economies, during which they commanded approximately 65 percent of the global output and the so-called “BRIC“—Brazil, Russia, India, China—economies accounted for about 7 percent, we have seen the Group of Seven’s share falling to 58 percent over the past five years and the BRIC’s share rising to more than 11 percent. By 2030, according to Brookings expert Homi Kharas, the two groups are expected to converge towards parity, with each accounting for about one-third of world output. The BRICs and other emerging economies are booming [and] integrating into the global economy” Source: 1http://www.us-global-trade.com/Brookings.10%20Global%20Economic%20Challenges%20(10.08[2009]).pdf
brazil Source: http://news.bbc.co.uk/2/hi/americas/country_profiles/1227110.stm
present U.s. - brazil trade policy • President Obama’s Approach to Brazil “Over the last decade, Brazilian companies have invested billions of dollars in American industries ranging from steel to information technology –- projects that will create thousands of jobs in the United States. At the end of 2008, U.S. subsidiaries of Brazilian firms employed more than 42,000 U.S. workers. [T]he United States supports the rise of Brazil as a global power” Source: http://www.whitehouse.gov/the-press-ffice/2011/03/19/remarks-president-ceo-business-summit-brasilia-brazil
present U.s. - brazil trade policy • President Dilma Rousseff’s Approach to the U.S. “Rousseff said she sees an expanded trade and strategic partnership with the United States as a way to continue Brazil's recent success in pulling millions out of poverty.” http://www.reuters.com/article/2011/03/19/us-obama-brazil-idUSTRE72I0LI20110319
U.S. COMPANIES IN BRAZIL • General Motors $11.3 bln • Wal-Mart $8.6 bln • Ford $8.4 bln • Cargill $8.4 bln • AES $7.4 bln • Whirlpool $3.8 bln • Bunge $3.3 bln • Kraft Foods $2.7 bln • IBM $2.6 bln • Sprint Nextel $2.4 bln Source: Brazil trade ministry 2009; http://www.reuters.com/article/2011/03/15/us-brazil-obama-ties-idUSTRE72E5SI20110315
Recent U.S. – brazil Trade agreement • TECA – Trade and Economic Cooperation Agreement • Oil • Energy • Infrastructure • Entrepreneurship • Export Green http://www.tnj.com/departments/global-arena/us-brazil-cooperation1
Brazil trade issues • Doha Round, Brazil led G-20 2003 • U.S. Agricultural Subsidies • Intellectual Property Rights, HIV and TRIPS (Trade-Related Aspects of IP Rights)
United arab emirates Source: http://www.bbc.co.uk/news/world-middle-east-14703998
present U.s. – U.A.E. trade policy “No country can thrive economically without a reliable and efficient transportation network,” Sánchez said. “This region’s planned transportation and infrastructure projects are the building blocks for future success. The U.S. companies on this mission can be a very valuable asset to ensuring continued development within Qatar and the U.A.E.” This trade mission advances President Obama’s National Export Initiative which aims to double U.S. exports by the end of 2014, supporting economic and job growth. Source: http://trade.gov/press/press-releases/2011/senior-obama-trade-official-and-us-companies-explore-300-billion-infrastructure-projects-in-qatar-and-united-arab-emirates-110311.asp1
U.s. – U.A.E. trade overview • The U.S. and the U.A.E. currently share one of the fastest growing commercial and trade partnerships in the world, which is highlighted by the dramatic rise in U.S. exports and FDI flowing into the Middle East growing from $3.6 billion in 2002 to $15.7 billion in 2008. • http://www.usuaebusiness.org/ Source: http://www.usuaebusiness.org/index.cfm?fuseaction=section.home&id=71
Recent U.S. – U.A.E. Trade agreements • MENA – Middle East and North Africa Trade Agreement • FDI • Energy • Defense • Oil and Mining • TIFA – Trade and Investment Framework Agreement • Enhance Economic Development • Expand Trade • Create Jobs Source: http://www.ustr.gov/trade-agreements
U.A.E. trade issues • Regional Instability • Nuclear Technology Leaks & Terrorism • Arab – Israeli Dispute
U.s. Trade with brazil & u.a.e. QUESTIONS