Businesses in the United States have in the recent past seen and witnessed evolution in mechanisms of operation all in a bid to promote, boost and maintain their reputation and good competition in the market. All these updates from the United States have revolved around key factors that are of great essence. These are responsibility, sustainability, citizenship, annual, environmental and Health Safety and Environment where all these conventions have variations. In addition to this there have been a great urge and desire by the owners of the businesses to extend their boundaries beyond those of their individual countries and therefore go international.
THE AMERICAN AND THE US AIRWAYS MERGER
First is the merging of the American and the US airways in the bid to form the biggest airlines according to media and news sources. The two boards are said to have approved the merger which is aimed at bringing American Airlines closer in value to the rival Delta Airlines, which have an estimated market valuation of $11 billion. The lion’s share of the new company is said that it will be owned by American Airline’s bankruptcy creditors who are said to have up to 72% of the company as the reports say. An American Airline parent company filed for bankruptcy protection more than a year ago and with a vast history stretching back 80 years, 5 years ago American had grown to be the world’s biggest airline.
EU AND THE US FREE-TRADE TALKS LAUNCH
The European and the US will begin formal talks on a free-trade agreement, paving way for the biggest trade deal in history. According to the European Commission President Jose Manuel Barroso, this is due to the United States president Barrack Obama’s state of the Union address and further said that everything is on the table and all that remains is putting the matters in to discussion. According to Barroso the deal is to bring trading barriers between the two biggest economies to an end. The US-EU working group was established in 2011 to discuss the prospect of a free-trade agreement and as it says the trade is worth around 455bn Euros per year. President Obama announced the US support for the talks as part of his annual address to the congress on Tuesday, saying that a free trade deal would boost the American Exports as well as support American jobs and level the playing ground in the growing markets of Asia but all that is not clear is how long the talks will take as similar trade deals have involved years of negotiations and according to sources the most optimistic period is two years. Though the negotiations are said to be a bit tricky, difficult and complex more hope is attached to it considering that both the EU and the US are economic giants and therefore this raises great hopes for business success in the region.
With these as the two major deals at hand for both the US and the partners, it leaves business owners and the dealers with a lot of expectations from the benefits that are going to be derived from both of these deals considering that external boundaries and limitations will be greatly reduced.