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Regulations

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Assignment topic: Regulations
Format: APA
Number of pages: 5 pages / 1325 words

ESSAY WRITTEN SOLUTION

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Unit Activity

Unit: Regulations

This activity will help you meet these educational goals:

  • You will evaluate actions or events; determine when an explanation matches textual evidence; analyze an author’s point of view on a historical event by assessing the author’s claims, reasoning, and evidence; analyze and evaluate multiple sources of information in diverse formats (such as knowledge articles and videos) to address a problem; evaluate an author’s premises, claims, and evidence by validating or challenging them with other information; integrate information from diverse sources to show a clear understanding of an idea or event; and read and comprehend level-appropriate texts independently and proficiently.
  • You will write precise claims, establish their significance, and distinguish them from other or opposing claims; write supporting paragraphs that develop claims while pointing out their strengths and limitations; and write in a style and tone that are appropriate for the discipline for which you are writing.
  • You will write supporting paragraphs about a topic that provide researched and relevant facts, details, and examples and write using language that is specific to the topic yet accessible to readers.
  • You will produce clear writing that is appropriate to the task, purpose, and audience and draw evidence from literary texts to support analysis, reflection, and research.
  • You will make sense of problems and solve them and attend to precision.

Introduction

Today’s economy is more globalized than ever. With international trade being more frequent and easier today than in decades past, the number of trade agreements that countries enter into is ever increasing. The United States is no exception.

In this activity, you will analyze one trade agreement that is currently being negotiated between the United States and another country or countries. You may need to do some research online. Be sure to document any sites you use in the Resources section at the end of this activity.

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Directions and Analysis

Task 1: Researching Today’s Trade Agreements

The International Trade Administration (ITA) is a division of the US Department of Commerce that focuses on the nation’s trade issues and helps companies do business in and with other countries. The ITA website contains a wide variety of information on issues related to international trade. Read about the trade agreements the United States is currently negotiating, and answer the questions that follow.

  1. Choose a trade agreement that the US is currently negotiating that you would like to learn more about. Which trade agreement did you choose?

Type your response here: Transatlantic Trade and Investment Partnership (TTIP)

  1. If you haven’t already, click the link for the webpage of the potential agreement you selected, and navigate through it to answer the remaining questions. You may have to go to other websites to find some information. If so, be sure to cite your source in your response. List five main points of this potential agreement.

 Type your response here:

  1. TTIP is a high standard and investment agreement between European Union and The United States.
  2. The agreement assists in unlocking opportunities for Americans by increasing access to European Markets.
  3. The TTIP agreement was launched in the year 2013.
  4. TTIP agreement accounts for one third of the total goods and services trade.
  5. TTIP offers significant benefits by promoting jobs, growth and international competiveness in the United States.

What are the major regions and industries that the agreement would positively affect?

 Type your response here:

Both the United States and the European Union in all industries entailing trade.

  1. What are some of the current tariffs or barriers to trade?

 Type your response here:

The trade has a low average tariffs of less than 3%, therefore, non-tariff barriers is the key to unlock its potential. These non-tariff barriers consist of border regulatory restriction and customs procedures.

 

  1. How will consumers benefit from this trade agreement?

 Type your response here:

The trade agreement (TTIO) is likely to deliver growth opportunities, which will make citizens feel and this will be through creating new jobs, a wide variety for consumers to choose from and low prices of products. This benefits will be more important for European Union where there is high unemployment and troubled economy.

  1. Find at least two Congress members or industry leaders who are in support of this agreement, and explain why they support it.

 Type your response here:

Senate Finance Committee Chairman- Orrin Hatch (R-UT)House ways and Means Committee Chairman – Kevin Brady (R-TX)

The two wrote a letter concerning the fifteenth round of TTIP negotiation between EU and U.S. In their letter they encouraged that the agreement between U.S and EU should continue. Their concern was also about the lack of engagement on some key sectors by the EU which were of interest to Members of Congress.

Find at least one Congress member or industry who is against this agreement, and explain why this person is against it.

Type your response here:

The Harry Reid who is leading Democrat in the Senate and Nancy Pelosi who is leading Democrat in the House sided with anti-TPA camp. This was because of their suspicion of free trade pacts and they also had sympathies with claims of labor unions that the agreement causes the jobs in America to be outsourced to lower-wage economies. Besides, Senator Elizabeth Warren become the leader of the anti-trade camp.

How will this agreement benefit the US economy overall?

Type your response here:

Through the agreement, in the next five years, the trade between EU and U.S. will be more than $ 150 billion higher. The economy of America will also grow leading to creation of more jobs. With increased job opportunities, the living standard and purchasing power of people will increase thus increasing per capita of the country.

  1. How will this agreement benefit people in your state specifically?

 Type your response here:

Free trade agreements help increase export growth from my state to partner countries. Besides, it will attract more investors who will build facility, create job and employ the locals thus boosting the states revenue. Task 2: Presenting Your View

In this task, you will create a presentation to your Congress member to encourage him or her to support passage of this trade agreement. Include these elements in your presentation:

  • an overview of the potential agreement
  • major regions and industries that would be positively affected
  • tariffs or barriers to trade in place before the execution of this agreement
  • how consumers will benefit from this trade agreement
  • at least two other Congress members or industry leaders who are in support of this agreement and why
  • at least one Congress member or industry that is against this agreement and why
  • how this agreement will benefit the US economy overall
  • how people in your state specifically will benefit from this agreement

Keep these criteria in mind as you create your presentation:

  • Create at least 12 slides, including one title slide and one slide listing works cited.
  • Write the information on the slides in your own words except when using direct quotes.
  • Include relevant and appropriate graphics on your slides.

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Resources

Document any references you used for this project below. At minimum, include a title and URL for any Internet resource:

 

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Evaluation

Your teacher will use this rubric to evaluate the completeness of your work as well as the clarity of thinking you exhibit.

  Criteria
Distinguished
(4 points)
·       Responses completely, accurately, and elaborately address all prompts and contain no errors.

·       The slideshow covers all eight required content areas.

·       The slideshow is at least 12 slides long, includes original text and appropriate graphics, and correctly cites quotations.

Proficient
(3 points)
·       Responses completely address all prompts and contain no or minimal errors.

·       The slideshow covers most of the eight required content areas.

·       The slideshow is at least 12 slides long, includes mostly original text and some appropriate graphics, and correctly cites quotations.

Developing
(2 points)
·       Responses address all or most prompts but are incomplete and contain substantial errors.

·       The slideshow covers only some of the eight required content areas.

·       The slideshow is shorter than 12 slides, contains text that is not in the student’s own words, lacks graphics or includes irrelevant graphics, and/or incorrectly cites quotations.

Beginning
(1 point)
·       Responses inadequately address a minimal number of prompts and contain with major errors.

·       The slideshow does not cover or inadequately covers the eight required content areas.

·       The slideshow does not correctly cite quotations, is not in the student’s own words, and does not include appropriate graphics.

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