Free trade vs protectionist

melvin cohens

EU

makes it easier for the europens to trade with each other

NAFTA

The north american free trade agreement was negotiated among the US, Canada and Mexico for the purpose of removing barriers to the exchange of goods and services among the three countries

Free Trade

· Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries

· is exemplified by the European Economic Area and the North American Free Trade Agreement.

· Most nations are today members of the World Trade Organization (WTO) multilateral trade agreements.

ASEAN

Promotes free trade between some southeast Asian nations

Protectionist

an advocate of the policy of shielding a country's domestic industries from foreign competition by taxing imports: