FTAs: Positives and Challenges

Significance

  • Market Access: Free Trade Agreement (FTA) partners get easier market access into one another's nations by eliminating tariffs and some non-tariff obstacles.
  • Preferential Treatment for Exports: Exporters prefer FTAs because they receive preferential treatment over competitors from non-FTA member countries.
  • Increased Investment: Potential for greater foreign investment from sources outside the FTA. Consider two countries A and B having an FTA. Country A has high tariff and large domestic market. The firms based in country C may decide to invest in country A to cater to A’s domestic market. However, once A and B sign an FTA and B offers ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy September 2023 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

International Relations