Free Trader
Free trader
- open trade between nations without any barriers to imports.
trading between different nation
tariff
taxing on certain kinds of imported goods
other types of Trade barriers are:
Quota
standards
subsidies
Protectionist
Infant industries need to be protected from foreign competition until they become established
International trade needs to be limited to protect domestic jobs, trade balance and value of money.
times of war we should be able to produce our own instead of being too dependent on other countries.
3 free trade organizations
- NAFTA
- ASEAN
- EU