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Free trade is a supersonic engine.
Free Trade is rather a greatest blessing for nations. Because it creates competion and perfect competition always give rise to excellent quality and reasonable price.
Free trade is the removal of barriers between the markets of different nations. therefore it allows more products and reduced prices which is a motor of growth, globalisation of trade might be accepted or not , but no one can deny the effect of the free trade on our lives. Trade is good, but the free trade is even better.
Despite the global efficiency of free trade, most states prefer the protection system. One of the reasons is the precarious state of world affairs. Some people believe that as long as there is a risk the possibility of war, the country should not totally rely on foreign materials. The other reason is to support the entry of workers, and the companies that may get hurt because of low-price imports. Many of the least developed countries and used trade protection system, to encourage small industries.
And justify those who prefer free trade, that trade protection may prevent the country's prosperity, and may lead to national isolation and national jealousy, and to the threat of war, which in turn requires greater protection they believe that free trade leads to international understanding and world peace.
Free trade means: Trade of good or services without taxes or any trade barriers
Free Trade is a Engine growth which process their trade fastly without any interference of the Government bodies and also produces the goods in competitive manner that result in economic growth of the country to benefit their citizen as well as to the Traders.
Free Trade is - GLOBALIZATION and GLOCALIZATION . ie removal of TRADE BARRIER ( removal of Trade Blocs such as ASEA, EFTA , NAFTA ) and progressive reduction of TARIFF BARRIERS and other restriction to block INTERNATIONAL TRADE , actually moving to SINGLE CURRENCY among member countries - example EURO ( which is still not easily acceptable by major members of EU ) .
FREE TRADE should be world with GLOBAL BASKET wherein consumers are at free will to buy anything from anywhere without any POLITICAL or BUSINESS restriction , ideal situation of a perfect COMPETITIVE MARKET with free entry and exit
Trust the above clarifies the subject , any member is unable to follow may drop in their comments for better understanding
If trade it is so then free trade is a racing engine of growth
Free trade is necessary for Economic growth.
Free trade is the unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas. Free trade is a win-win proposition because it enables nations to focus on their core competitive advantage(s), thereby maximizing economic output and fostering income growth for their citizens.
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