The business of coffee is highly dependent on international trade. The world’s biggest coffee producers are located in Asia, South America, and Africa, and yet, the drink is especially popular in Europe and North America. Trade relationships between countries that produce and consume coffee play a big role in determining the final price tag of the beverage, which ultimately impacts sales. Currently, there are a number of international trade agreements ensuring the success of the coffee industry.
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Explanation:
The business of coffee is highly dependent on international trade. The world’s biggest coffee producers are located in Asia, South America, and Africa, and yet, the drink is especially popular in Europe and North America. Trade relationships between countries that produce and consume coffee play a big role in determining the final price tag of the beverage, which ultimately impacts sales. Currently, there are a number of international trade agreements ensuring the success of the coffee industry.