G8 Conference: US and EU Yakking About Free TradeJuly 2nd, 2013 by The JetSetter Team | Comments Off on G8 Conference: US and EU Yakking About Free Trade
Recently, at the G8 Conference in Northern Ireland, the United States and the European Union opened a discussion aimed at free trade between the two regions book-ending the Atlantic. Leaders of the two economic superpowers claim that this deal will benefit our own financial circumstances and have a positive effect worldwide. This boost in the economy would certainly be contagious.
Trade between the two regions already generates over $1 trillion annually. That number is said to increase by $120 billion in the U.S. and $150 billion in Europe if talks continue as they are expected to do. Currently, incredibly high tariffs and a mess of red tape stand in the way of greater prosperity. If these hurdles were removed, corporations could focus more of their resources on actually producing and distributing their products.
In addition to the accumulation of wealth, 2 million jobs would potentially open up. There would also be an increase in corporate competition which could lower prices for consumers and force innovation of products. A lot of people would benefit from this arrangement. However, in all the anticipation of this once-in-a-lifetime deal we must keep in mind that it could take years for effects to become a reality. With that said, what can be done now in preparation for this landmark agreement? Trans-Atlantic travel is likely to explode as businesses send representatives into new markets. Those representatives will certainly be looking for places a little more familiar and comfortable than a hotel room to stay. That is where you, the Jetsetter, come in.
Now is the time to stake your claim in the Old World. Rental properties are currently in high demand in England and the market is being heavily invested in. This level of interest in residential property has not been seen in England in a long time. Richard Donnell, a researcher with Hometrack (a market analysis business) claims that growth is holding steady at 2% annually. This number will only go up the closer the U.S. and EU get to this momentous free trade agreement.
Having said all this, the natural question becomes, “Should I think about investing in England?” Jason Hartman has made a fortune investing in properties in contexts just like this – that is, already magnetic places with huge potential for growth – but he still hesitates to fully recommend an overseas purchase just yet. We’ll keep our eyes on the situation, though, and let you know if anything changes. (Flicker Image | Donkey Hotey)
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The Jetsetter Show Team