Why might nations join together to remove trade barriers?

More "free trade agreements" between nations would allow for those nations to exchange goods/services/materials etc. without restrictions. It can be beneficial by bringing money into the country, and allowing the country to successfully export whatever goods it has to offer. Trade barriers stop nations from interacting as much. Hope that helps!!

Answered by grangergirl | 2024-06-10

Trade barriers cause a limited choice of products and, therefore, would force customers to pay higher prices and accept inferior quality. Trade barriers generally favor rich countries because these countries tend to set international trade policies and standards. ;

Answered by Smsam562004 | 2024-06-12

Nations join together to remove trade barriers to stimulate economic growth, lower consumer prices, and create jobs. Trade agreements help enhance political cooperation and encourage innovation by increasing competition. Historical agreements like NAFTA and GATT illustrate the benefits nations have found in lowering trade restrictions.
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Answered by grangergirl | 2024-12-23