International trade agreements eliminate trade barriers between countries, promote investments, infuse competitiveness, enhance productivity, create jobs, and provide consumers with a greater range of options at cheaper prices.
Select an international trade agreement that you have read about, that has been in the news, or is interesting to you for any reason. Summarize the agreement in terms of:
- Advantages
- Disadvantages
- Effects on investment, wages, capital, and taxation
- Measures for dispute resolution
- Fairness of the agreement towards all the countries involved
Do you think that a single trade agreement and single currency for the world would be beneficial? Why? Select an existing international trade agreement that you would like to implement globally and give your reasons for your selection.