Free Traders & Protectionist
Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.
- Free Trade is exemplified by the European Economic Area and the North America Free Trade Agreement.
- The agreement involve cooperation between at least two countries to reduce trade barriers. (import quotas and tariffs.)
Arguments For and Against Free Trade
- Protection of national security
- Protection of "infant" industries
- Protection of Job
Types Of Trade Barriers
Protectionist is trading between states through methods such as tariffs.
- Protectionist has restrictions on trade.
- Makes it easier for their own products and brands to sell by making goods from foreign country more expensive or harder to get.