Question description

1. The bilateral agreement has
enabled China and South Korea an increase in trade and an increase in trade
deficit for the United States; what are the advantages and disadvantages for
the United States to continue these relationships with the bi-lateral agreements?

2. With regards to the various
agreements/treaties discussed, EU, WTO, NAFTA, CARICOM, APEC, MERCOSUR and
ASEAN:

Discuss any pending applications, candidate countries, or associate members.

What are the advantages/implications for trade within the trading group and for
the United States?

Determine the GDP and GNP of those pending countries.
 Based upon your assessment,
do you think these countries should become full members of the FTAs they have
applied to? Why, or why not?

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