Bloc assignment 425/6/2023 Business partners really interesting for our country are the major industrialized economies, they are so different to us so we can export them all we have and they do not, and we can take this as a competitive advantage.įor example, to Venezuela or Brazil would be impossible to export them bananas, coffee, cocoa or flowers because they produce them, while all of these products have a high demand in Canada, U. ![]() On the one hand, the fact that Ecuador entering to NUMEROUS brings many questions of why it should not belong to the bloc, the principal concern is especially the agricultural sector, as we know members of this organization are very similar when we talk about agricultural production, therefore there would be no an increase in exports of agricultural products.įor the this sector is more appropriate to have trade relations with countries that are not close and do not have a large agricultural production countries such as North America and Europe, as the demand for agricultural products will increase, therefore the exports, which is good for the amounts economy. For a developing country like Ecuador, it is difficult to make the decision of belonging to an economic bloc, as it must evaluate the economic factors that affect and the conditions under which it should enter to the block in order to benefit and expand its trade relations. This economic bloc offers attractive proposals for countries among them is the establishment of a common external tariff, plus the free movement of goods and services between the member countries. ![]() Rafael Chorea expressed his desire to become a member of this economic bloc, but what does it mean to Ecuador o Join to this organization? In recent years the President of Ecuador Icon. NUMEROUS is also committed to strengthening democracy, eradicate poverty and strengthen the economic and social development of the members with equity. The countries that belong to the are differentiated by the alliance of values held and reflected in its democratic and pluralistic societies, the protection of human rights, the environment and sustainable development. Currently, the world is going through a change in important ways in the economy, the importance of belonging to an economic bloc is that through this you can get “mutual benefits in international trade” The Numerous as we know is a South American economic bloc that “is integrated by Argentina, the Federative Republic of Brazil, the Republic of Paraguay, the Oriental Republic of Uruguay and the Bolivian Republic f Venezuela” (Exhibit 1). The intention of this paper is to discuss about the advantages and disadvantages for Ecuador if it becomes a member of the Mercado Comјn del Sure (Numerous).
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