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Executive Summary Policy Essay

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total export of services was $682 million. The United States is by far the world’s largest exporter of services, which surpassed $682 billion in 2013. It is home to large numbers of successful services firms in such sectors as audiovisual, banking, energy services, express delivery, information technology, insurance, and telecommunications. The international trade agreements, especially free trade agreements, added lots of benefits to U.S services sector. It added decent economic gains to the service providing companies. Foremost the agreements have benefitted U.S service producing companies to access new foreign markets and increase their profits. (U.S. Chamber of Commerce, 2015). The U.S services export to Mexico and Canada increased three times from 1993 to 2013 to reach $93 Billion, exports to Singapore increased to 11.4 billion in 2013 from $5.9 billion in 2003, export to Chile grown by 250% by 2013 from 2003, exports to Australia grown by 176% from 2004 to $19 billion in 2013. U.S. services exports to Canada and Mexico have tripled rising from $27 billion in 1993 to $93 billion in 2013. Services imports from Canada and …show more content…

By implementing fiscal policies, i.e. by making changes in spending by the government and interest rates, the government controls them. A monetary policy change can control the money supply which also affects the goods market in United States. In addition, the tariff and non-tariff barriers, control of tax structure, rules and regulations, special policies, subsidies and aids, etc. all affect the international trade situation of a country. The government has influenced all these factors and implemented specific policies that in turn helped the nation to benefit in various ways. Some of those benefits are the economic growth of the country, improved goods for people, increased job opportunities, protect struggling domestic firms, protect intellectual rights,

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