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Review:

Free Trade Agreement

overall review score: 4.2
score is between 0 and 5
A free trade agreement is an agreement between countries that eliminates barriers such as tariffs and quotas to facilitate the international exchange of goods and services.

Key Features

  • Reduction or elimination of tariffs
  • Increased market access
  • Enhanced investment opportunities
  • Economic growth and development

Pros

  • Promotes economic growth
  • Creates more job opportunities
  • Increases competition leading to better quality and lower prices for consumers

Cons

  • Can lead to job displacement in certain industries
  • May favor larger corporations over small businesses
  • Can impact domestic industries negatively if not properly managed

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Last updated: Mon, Feb 3, 2025, 02:39:29 AM UTC