ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

3 Positive Effects of Having Free International Trade

Updated on October 12, 2012

What is free trade?

Free trade is the process of trading goods, services, and labor freely between different countries without restrictions or having to pay additional import and export costs.

Although there may be risks for consumers and countries struggling to make profit from their goods, there are some advantages.

This process is essentially beneficial to countries that are able to trade in their self-sufficient resources for other resources that they may not be producing themselves.

Free trade enables:

1. Increased production: As production increases for countries specializing in producing commodities so does their efficiency and advantages towards buying cheaper resources from other countries.

2. Competitive Advantages for consumers: Global free trade encourages competition in the market which results in an increase in innovation & quality of goods and services. The more supply there is available to produce at a low cost, the cheaper it is for consumers to purchase goods.

3, Increase in employment & income: More jobs will be created for importing and exporting a high volume of goods. As production of goods increases, so will the budget for employee wages.

How Tauler Law Firm is participating in free trade between Colombia and the United States

Elena Tauler, managing attorney for Tauler Law Firm, is committed to providing counsel directly linked to the opening of free trade between Colombia and the United States through the Free Trade Agreement (FTA) released on May 15, 2012. Attorney Elena Tauler along with Commissioner Bruno A. Barreiro of Miami-Dade County and other entrepreneurs took part in the first delegation of individuals who traveled to Colombia from the United States, after the implementation of NAFTA.

She took part in providing free advice to a number of companies and an important sector of academia (universities), who demonstrated an imperative interest in penetrating the U.S. market to improve their economies and expand their business to unimaginable proportions.

Elena Tauler had the opportunity to meet, among others, the U.S. consul general in Colombia, who expressed interest in minimizing the time of issuance of visas to traders and tourists. The issuance of visas to students, who wish to undertake training processes and / or expertise in the U.S. will have a more expeditious process so that little by little the barriers that have hindered hundreds of people in Colombia are reduced.

It is worth noting that the interest of the entrepreneurs and businesses with whom Elena Tauler spoke throughout her visit to Colombia would benefit from entering the world's largest market with the advantages offered by the FTA. This would allow them to become competitive among suppliers in the industry who do not have their goods readily available. They went on to note that this works both ways for both small and medium businesses in the United States wishing to penetrate the international market. Furthermore, the FTA allows entrepreneurs and businesses to enjoy advantageous reductions in tariffs, plus taking advantage of neighboring markets who would not hesitate exporting through this mechanism.

After Elena Tauler’s visit, several of the companies she met with have begun the process of entering our U.S. market and have taken advantage of her advice, which provided among other benefits, information on how to incorporate a branch of their business, benefiting from facilities for correspondence, a conference room for meetings, and a physical address in the United States. All of these benefits have resulted in significant savings of resources during their first phase of market adjustment.

Elena Tauler has stated that the FTA should certainly be exploited by the Latino community in addition to other small, medium and large businesses, as it opens a door in a time of the present economic crisis. It is an urgent opportunity for those who want to be successful in their business endeavors. Elena Tauler’s mission is to provide the best guidance for businesses seeking to attain success.

imply start the process by contacting Elena Tauler and we will take care of the rest by supporting you with commercial and legal advice. We invite you to familiarize yourself with activities related to the FTA between Colombia and the United States.


Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)