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Free trade agreement is a kind of agreement between two or more countries and they make this agreement in order to make sure that the barieers of trading between these two or countries are removed so that trading between them can be much more easier. Free trade agreement can be through the the enactment of various policies to reduce the tariffs to imports.
The pros or advantages of signing a free trade agreement are;
(1) Free trade agreement helps economic growth because there is little or no cost to in order to move goods or products from one country to the other, (2) Free trade agreement helps the Importation and exportation of better or high quality goods.
The cons or disadvantages of signing a free trade agreement are;
(1) signing a free trade agreement does not provide more job opportunities, (2) signing a free trade agreement may cause the manipulation of currency
Answer:
By signing a free trade agreement, a country may benefit by opening itself to more global trade. Countries may increase production when they have incentives to export their products. Agreements might help countries bring more varied and diverse products to their citizens. Finally, free trade agreements might help countries obtain cheaper imports, lowering prices on goods. On the other side, countries may experience job and industry losses as companies move to other countries. Countries may also grow more dependent on trading partners rather than producing goods for themselves.
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