Free Traders & Protectionist

Free Traders

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.)
Big image

Arguments For and Against Free Trade

  • Protection of national security
  • Protection of "infant" industries
  • Protection of Job

Types Of Trade Barriers

  • Tariff
  • Quota
  • Standards
  • Subsides
  • Embargo

Protectionist

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.
Big image