What Is The Concept Of Free Trade Agreement

He argued that free trade expands diversity and lowers the prices of goods available in a nation, while making better use of its resources, knowledge and specialized skills. Free trade agreements can facilitate access to visas for businessmen from New Zealand and our trading partners, which supports the development of our trade and economic relations. As we try to pursue New Zealand`s trade objectives through the World Trade Organization (WTO), which involves more than 160 economies, the WTO`s consensus decision-making process means that progress can be slow and agreements may not address each country`s specific interests and problems. Free trade agreements are an additional means of promoting our trade interests. Consult Canada`s Tariff Information Tool, a free tool that allows Canadian exporters to find tariffs applicable to a particular product in a foreign market. In general, global competition is the reason for signing free trade agreements. Within the framework of free trade agreements and larger regional projects such as Mercosur, polarization takes place in favor of the strongest nations, which often leads to the consolidation of development differences between nations through a regionalization project (cf.: Dieter 1998: 213). New Zealand`s overarching goal in any FTA negotiations is to create a modern, high-quality, comprehensive, forward-looking and economically viable agreement that facilitates the growth and development of our trade and investment relationships with our trading partners. Therefore, in negotiations, we typically cover a number of trade-related issues, including those listed below.

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