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  • International Trade Can Yield Benefits For Both The Country That Produces The Goods or Services As Well As The Country That Consumes Them

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    Kenji Cruz
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    International trade can provide benefits to both the exporting and importing countries. Ecuador's rose industry began to take off 20 years ago as improvements in refrigeration and air transportation technology allowed Ecuadorian producers to export fresh roses to markets in North America and Europe while still commanding premium prices. The Ecuadorian rose industry has since grown substantially due to its ability to meet steady global demand for an attractive perishable product.

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    International Trade Can Yield Benefits for Both the Country That Produces the Goods or Services as Well as the Country That Consumes Them

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    International trade can provide benefits to both the exporting and importing countries. Ecuador's rose industry began to take off 20 years ago as improvements in refrigeration and air transportation technology allowed Ecuadorian producers to export fresh roses to markets in North America and Europe while still commanding premium prices. The Ecuadorian rose industry has since grown substantially due to its ability to meet steady global demand for an attractive perishable product.

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    18 views1 page

    International Trade Can Yield Benefits For Both The Country That Produces The Goods or Services As Well As The Country That Consumes Them

    Uploaded by

    Kenji Cruz
    International trade can provide benefits to both the exporting and importing countries. Ecuador's rose industry began to take off 20 years ago as improvements in refrigeration and air transportation technology allowed Ecuadorian producers to export fresh roses to markets in North America and Europe while still commanding premium prices. The Ecuadorian rose industry has since grown substantially due to its ability to meet steady global demand for an attractive perishable product.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    International trade can yield benefits for both the country that produces the goods or services as well as

    the country that consumes them.

    QUESTION 2: Why do you think that Ecuador’s rose industry only began to take off 20 years ago?

    ANSWER 2: The rose is a perishable product. When a rose is grown in Ecuador for sale in international
    markets such as North America and the European Union, it is imperative that the rose is transported
    rapidly and under the right conditions so that it can attract a premium price in the market. The rose
    industry in Ecuador probably began to take off 20 years ago when developments in refrigeration
    technology and air transportation technology made it feasible for a rose producer in Ecuador to serve a
    market as far away as North America. The Ecuadorian rose industry has grown rapidly because it
    provides an attractive product in response to a strong and steady market demand.

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