Taller #3

Paula Andrea Sáez Martínez

Sharon Yulieth Alarcón Martínez

DOCENTE:
Liney Hernández

INGLES

FACULTAD DE CIENCIAS ECONÓMICAS, JURÍDICAS Y ADMINISTRATIVAS

ADMINISTRACIÓN EN FINANZAS Y NEGOCIOS INTERNACIONALES
UNIVERSIDAD DE CÓRDOBA
2022
 INTERNATIONAL TRADE

Get ready!

Before you read the passage, talk about these questions.

1. How does international trade affect what farmers plant?

2. Does your country import or export more agricultural products?

Solution

1- The progressive growth of the import or export of food generates the

impoverishment of rural areas and motivates the migration of peasants to the
cities.

2- Regarding the categorization of sectors, what Colombia exports the most are
fuels and extractive industry products, followed by agricultural groups such as
food and beverages, manufactures, among others.

Reading

2- Read the trade profile summaries. Then, mark the following statements

as true (T) or false (F).

1. High tariffs are a setback to exporting to Canada. (F)

2. Chile exports more than it imports (V)

3. Both nations require labels in two languages. (F)

Vocabulary

3- Fill in the blanks with the correct words and phrases from the word bank.

WORD BANK

export trade surplus quota import dependent

 1- A(n) import dependent country purchases more then it sells internationally.
2- Wheat is a major export to other countries.
3- The government may impose a new quota
4- Fower imports led to a(n) trade surplus

WTO

Write a word that is similar in meaning to the underlined part.

1- Countries interact through the exchange of products across borders
International trade
2- The organization that oversees trade The organization that oversees trade
among. OMC
3- Increases in exports alter the difference between the value of exports and
imports. Balance of trade
4- High fees on imported or exported goods protect domestic farmers.
Tariffs
5- Many countries depend on products brought in from other countries.
Imports
6- Countries that have surpluses are often reliant on selling products
internationally. Export dependent

THE FUTURES MARKET

Get ready!

Before you read the passage, talk about these questions.

1- Are investments in futures markets popular in your country?.

2- How do changes in the futures market impact farmer
Solution

1- Of course, investments in Colombia are popular, generally in futures

exchanges for agricultural, livestock, fishery and forestry products.

2- We can see that Colombia is an important exporter of wheat, in recent

years international prices have suffered strong fluctuations, this due to the
high demand for land to grow corn, another change is the weather that
can strongly affect it.

Reading

Read the article from a financial newspaper. Then, choose the correct answers.

1- What is the article mainly about?

A. the effects of price changes

B. the causes of crop damage

C. the best markets to invest in

D. the expected carryover for the year

2- Why is the stocks-to-use ratio high?

A. Ending stocks were low.

B. Beginning stocks were high.

C. Wheat purchases increased.

D. Carryover was lower than usual.

 3- What can you infer about futures purchases?

A. They limit crop production.

B. They create low carryovers

C. They decrease when prices drop

D. They are impacted by weather patterns.

Vocabulary

Match the words (1-6) with the definitions (A-F)

1) (E) Value
2) (F) change
3) (D) Open
4) (C) High
5) (B) Low
6) (A) Beginning stock

A. The amount at the beginning of a year.

B. A smaller amount or value

C. A larger amount or value

D. To begin a market for the day.

E. Monetary worth

F. Difference occurring over time