U.S. businesses, particularly small businesses (firms with less than 500 employees), face a host of challenges when selling products and services abroad; these may include high tariffs, financial risks, and customs clearance delays. Despite the challenges, international markets offer businesses opportunity to reach new customers. From a policy perspective, countries including the United States often consider the implementation of trade agreements as a possible tool for accelerating trade growth (Delehanty, 2015). For this discussion, you will need to research about trade agreements and how they affect small business entrepreneur’s conducting business globally. You are expected to take a stance on one item within this subject and present your case for; pushing forward, leaving it as is, or what changes should be made to enhance the small business in the international trade arena. Some items to include in your discussion are, but are not limited to: Brief overview of the selected trade agreement Opportunities How does this trade agreement help/hurt the small business entrepreneur in pursuing new markets overseas Challenges Does this trade agreement strengthen the overall economy Does this trade agreement strengthen the small business entrepreneur’s opportunity to reach new customers How does this trade agreement, if any, affect the taxes and regulations for the small business entrepreneur Global competition.

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Trade agreements play a crucial role in shaping the international trade landscape and can significantly impact small business entrepreneurs ability to conduct business globally For this discussion let... View the full answer