International business

. The bilateral agreement has enabled China and South Korea an increase in trade and an increase in trade deficit for the United States; what are the advantages and disadvantages for the United States to continue these relationships with the bi-lateral agreements?
2. With regards to the various agreements/treaties discussed, EU, WTO, NAFTA, CARICOM, APEC, MERCOSUR and ASEAN:
 Discuss any pending applications, candidate countries, or associate members.
 What are the advantages/implications for trade within the trading group and for the United States?
 Determine the GDP and GNP of those pending countries.
 Based upon your assessment, do you think these countries should become full members of the FTAs they have applied to? Why, or why not?

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