jeudi 30 mars 2017

The Influences Made By Export Companies To Caribbean Economy

By Kimberly Harris


International trading partnerships are formed among countries to foster economic value. Different countries enter into agreements to assist them to acquire what they do not have nor produce. In return, they also produce commodities for commercial gains. Trade agreements are made to facilitate easy entry into the foreign markets. Each respective country gain a lot since they readily conduct business transactions with partners that are featured in the agreement. This concept has enabled various researches surrounding the impacts of export companies to Caribbean industry.

There are numerous countries that are involved in the export business. They are; The Bahamas, Barbados, Belize, Guyana, Dominica, Trinidad and Tobago, Dominican Republic and many others. These countries are located in South America. These countries have been in partnership since 2008. They entered into trade agreements with the European Union to facilitate easy trade between them. This has helped these countries in terms of economic and social growth.

There are several products that these two regions can gain from. The South American countries have rich oil reserves. They manufacture products such as oil, petroleum and gas. They are also known for production of agricultural products such as rum, sugar and bananas. There are industries that specialize in the manufacture of fertilizers. Gold, iron oxide and aluminum oxide are some of the minerals that are produced and sold to these countries.

Before the agreement was signed, they took key factors into consideration. Countries in Europe are interested in agricultural products such as bananas, sugar and rum. They have taken advantage of their technological advancement to produce items such as milk and cream, automobiles, boats, spirit drinks and engine parts. They have also ensured that they sell at subsidized rates even though the cost of manufacturing these products are high.

European Union has enabled the countries to develop in terms of economic growth. They have signed pacts between them and the 15 countries to gain access into their markets. In fact, this partnership has attracted huge investments from both regions. They have perfected their art in creative and entertainment industries. It also encourages easy entry into any one of these countries.

In the US alone. Huge business dealings are conducted courtesy of this trading agreements. It has equipped its staff with the relevant knowledge on how to handle business operations. There are experienced personnel that majorly deal with consoling on food, manufacturing and entertainment industries.

Starting a company of your own is one thing. Getting clients is another. As long as you fall under these countries, you are in a position to conduct business operations. Different consultancy firms have equipped their staff with necessary knowledge on how to handle changes in the market. They will advise you on how to go about it so that you do not fall out of place.

From time immemorial, man has always exchanged goods and services for purposes of making profits. Investing in foreign trade often attracts huge returns. With the right procedures and instruments, you can open up a company of choice and start trading with them. Create time to interact with the masterminds before making your decision.




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