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Free Trade Agreement: Good things about it

<< Back to World Trade Organization and Most Favoured Nation Status

“Let’s first go through what the good things are about a free trade agreement” said Grandma as she started to list them one by one.

ExplorerHop.com Free Trade Agreement.  Canada without Free TradeFree trade makes goods cheaper and allows people to use more goods. If we didn’t have free trade these beautiful roses and pineapple juice would not be on this table.


ExplorerHop.com  Free Trade Agreement Comparative AdvantageFree trade allows each country to focus on what it does best. So instead of Canada trying to grow tropical fruits like pineapples in our cold climate and Costa Rica trying to produce maple syrup in he heat of the jungle, each county can focus on what it does best and trade for other goods it needs or wants. So, Canada can happily make the world’s best maple syrup and Costa Rica can grow the world’s best pineapples, and people in both countries can still get pineapples and maple syrup at reasonable costs. Growing what is best for your country is called “having a comparative advantage.”


ExplorerHop.com  Free Trade Agreement.  Signs for multi-cultural businessesFree trade enriches a culture of place. By allowing people and things from different places to enter our country, we become a more diverse and rich society. Just imagine what Toronto would be like without Chinese or Indian food or even without this delicious pineapple drink that I bought at the South American bakery?

 

ExplorerHop.com  Free Trade Agreement.  Free Trade leads to more opportunities.Free trade leads to more employment by encouraging more people to use goods from other parts of the world.

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