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Скачать или смотреть Free Trade Agreement Explained: Benefits, Challenges & Global Impact | International Trade Policy

  • UPSC-CSE Unlocked
  • 2025-02-12
  • 596
Free Trade Agreement Explained: Benefits, Challenges & Global Impact | International Trade Policy
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Free Trade Agreement Explained: Benefits, Challenges & Global Impact | International Trade Policy

📌 What is a Free Trade Agreement (FTA)?
A Free Trade Agreement (FTA) is a deal between two or more countries that removes or reduces trade barriers like tariffs, import quotas, and restrictions to encourage smoother international trade. These agreements boost economic growth, enhance market access, and create investment opportunities!

🔍 Key Highlights of FTAs:
✅ Elimination of tariffs & trade barriers
✅ Increased market access for goods & services
✅ Promotion of foreign investments
✅ Rules of origin to prevent unfair advantages
✅ Impact on labor & environmental policies

🌍 Popular FTAs Around the World:
🔹 USMCA (United States-Mexico-Canada Agreement)
🔹 ASEAN Free Trade Area (AFTA)
🔹 EU Free Trade Agreements
🔹 Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

💡 Why Do FTAs Matter?
Free Trade Agreements make it easier for businesses to expand globally, lower prices for consumers, and boost economic relationships between countries. However, they also raise concerns about job outsourcing, environmental effects, and economic imbalances.

📢 Let’s Discuss! What do you think about FTAs? Are they good for the economy? Drop your thoughts in the comments below! 👇

👍 Like, Share & Subscribe for more insightful videos on global trade, economics, and business!
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#FreeTradeAgreement #FTA #InternationalTrade #GlobalEconomy #TradePolicy #FreeTrade #EconomicGrowth #TradeLaws #ImportExport #globaltrade

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