The World Trade
Organization countries are meeting in Buenos Ares to deal with their trade
issues. The group is made up of the 20 largest economies on the planet and they
are referred to as the G-20.
The members of the G20 are: Argentina, Australia, Brazil, Canada,
China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea,
Mexico, Russia, Saudi Arabia,
South Africa, Turkey, United Kingdom, United States, and the European Union. - Nov 6, 2017
The US is ranked first in nominal GDP
Nominal
GDP by Country 2017
US
$19.4 trillion
China
$11.4 trillion
Japan
$4.9 trillion
Germany
$3.7 trillion
France
$2.6 trillion
UK
$2.6 trillion
India
$2.4 trillion
Brazil
$2.1 trillion
Italy
$1.9 trillion
Canada
$1.6 trillion
South
Korea $1.5 trillion
Russia
$1.5 trillion
Australia
$1.4 trillion
Spain
$1.3 trillion
Mexico
$1.1 trillion
Indonesia
$923 billion
Turkey
$841 billion
Netherlands
$824 billion
Saudi
Arabia $684 billion
Switzerland
$681 billion
Argentina
$649 billion
The US is ranked first
in competitiveness.
The total nominal GDP
of EU member countries sits at $18.8 trillion. There are currently 28 member
countries in the EU.
When the UK exits the
EU, it will be free to determine its own laws and will be able to trade with
all countries individually and all trade groups including the EU. Most of UK exports
are to non-EU countries.
Norb Leahy, Dunwoody
GA Tea Party Leader
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