Trade Agreements
South Sudan has signed a trade agreement with Uganda that creates a joint trade committee that will target trade problems between the two countries. The agreement was signed by Uganda's minister of Trade and South Sudan's minister of commerce. The agreement is supposed to improve existent trade links.
An organization called the Greater Arab Free Trade Area, GAFTA, has been established to take away customs duties and charges to all countries in the group. 17 Arab countries are involved, including Sudan.
There has also been formed a Counsel of Economic Unity. The Counsel's goal is to connect Arab economics with one another and to finally establish an Arab Common Market. Sudan is part of this counsel.
The United States has a Trade and Investment Framework Agreement, TIFA with the Common Market for Eastern and Southern Africa, COMESA. Sudan is part of COMESA.
Consequently, Sudan was the United States 167th largest supplier of goods (imports) in 2010 - totaling $8.1 million. Sudan was America's 139th largest exporter in 2010 - totaling $115.6 million in 2010 U.S. exports.
Because Sudan signed the Comprehensive Peace Agreement Japan is now giving them a lot of trade and economic support.
The benefits of entering into trade agreement with Sudan is to set up shop in an Arab country which shows good relations with Muslims. Sudan has oil and animals and food good so those could be good to have trade with. They also have a huge market need for progress and growth. The downside to being partners with Sudan is that they have a long history of being violent, brutal, terrorists. A lot of the trade agreement between Sudan and the rest of the world mainly depend on if Sudan is being nice to it's citizens and surrounding countries.
It would be beneficial to sign trade agreement with South Sudan because they are separate from the terrorist activity, are a refuge for those suffering from terrorism, and are a separate country now that wants to succeed and grow despite it's angry Northern neighbors.
An organization called the Greater Arab Free Trade Area, GAFTA, has been established to take away customs duties and charges to all countries in the group. 17 Arab countries are involved, including Sudan.
There has also been formed a Counsel of Economic Unity. The Counsel's goal is to connect Arab economics with one another and to finally establish an Arab Common Market. Sudan is part of this counsel.
The United States has a Trade and Investment Framework Agreement, TIFA with the Common Market for Eastern and Southern Africa, COMESA. Sudan is part of COMESA.
Consequently, Sudan was the United States 167th largest supplier of goods (imports) in 2010 - totaling $8.1 million. Sudan was America's 139th largest exporter in 2010 - totaling $115.6 million in 2010 U.S. exports.
Because Sudan signed the Comprehensive Peace Agreement Japan is now giving them a lot of trade and economic support.
The benefits of entering into trade agreement with Sudan is to set up shop in an Arab country which shows good relations with Muslims. Sudan has oil and animals and food good so those could be good to have trade with. They also have a huge market need for progress and growth. The downside to being partners with Sudan is that they have a long history of being violent, brutal, terrorists. A lot of the trade agreement between Sudan and the rest of the world mainly depend on if Sudan is being nice to it's citizens and surrounding countries.
It would be beneficial to sign trade agreement with South Sudan because they are separate from the terrorist activity, are a refuge for those suffering from terrorism, and are a separate country now that wants to succeed and grow despite it's angry Northern neighbors.