Review:
International Trade Agreements
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
International trade agreements are treaties between two or more countries to facilitate and regulate trade between them.
Key Features
- Reduction of trade barriers
- Promotion of fair competition
- Protection of intellectual property rights
- Dispute resolution mechanisms
Pros
- Promotes global economic growth
- Increases market access for goods and services
- Encourages foreign direct investment
- Fosters cooperation among nations
Cons
- May lead to job losses in certain industries
- Can exacerbate income inequality
- Some agreements may not fully address environmental and labor standards