How might the Pacific Island Trade Agreement (PICTA) help the Pacific islands trade with major markets all over the world?
A-The region as a whole could partner to sell to bigger markets***
B-It will help the islands sell to each other not other markets
C-it will allow free trade with China
D-none of the above
Thanks so much
You're welcome!
I think I will stick to my answer.
Please let me know if thats right or not, and again I don’t need the answer I just want to make sure it’s right.
This part makes me think it's B:
virtually all barriers (import tariffs and quotas) to merchandise trade between FIC countries will be subsequently removed.
It has been expanded since then, but you need to read your text AND that webpage to determine if the expansion includes what A says.
It is A.
The correct answer is A - The region as a whole could partner to sell to bigger markets.
The Pacific Island Trade Agreement (PICTA) is a regional trade agreement aimed at promoting trade among Pacific island countries. PICTA facilitates trade by reducing trade barriers, such as tariffs and quotas, among participating countries. This agreement enables Pacific island countries to have preferential access to each other's markets, which can lead to an increase in intra-regional trade.
By reducing trade barriers within the Pacific island region, PICTA encourages collaboration and partnership among the participating countries. This creates opportunities for these nations to combine their resources, products, and services and collectively sell to larger markets outside of the region. By leveraging their combined strength and resources, the Pacific island countries can improve their competitiveness in global markets and enhance their ability to trade with major economies around the world.
For example, instead of individual countries trying to export their products separately to major markets, PICTA enables them to coordinate their efforts and present a unified regional front. By doing so, they can negotiate better trade terms, strengthen their bargaining power, and increase their market access in major trading destinations.
So, the Pacific Island Trade Agreement (PICTA) helps the Pacific islands trade with major markets all over the world by fostering regional collaboration and allowing the region as a whole to partner and sell to bigger markets.
http://www.mitt.gov.fj/index.php/divisions/trade-division/regional-trade-agreement/the-pacific-island-countries-trade-agreement-picta
Read carefully and let us know if you change your mind or not.