4 ms·
If there is sufficient economic competition then free-trade agreements have limited economic impact, however the non-economic benefits are numerous. I'm not goi
by ihsw 13y ago
If there is sufficient economic competition then free-trade agreements have limited economic impact, however the non-economic benefits are numerous. I'm not going to debate the legitimacy of 'monopoly pricing' and unions because that debate will degenerate quickly.
In addition to elimination of tariffs, import quotas, and preferential sourcing of goods and services, FTAs enforce/encourage open-border policies that enable the free movement of people between different jurisdictions. FTAs are a step towards greater integration with other nations.