What are some advantages and disadvantages of free trade agreements for Canada and its citizens? What might be a disadvantage for countries that do not have free trade agreements?

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19-01-2021
Geography

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What are some advantages and disadvantages of free trade agreements for Canada and its citizens? What might be a disadvantage for countries that do not have free trade agreements?

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jackgeorge2018 jackgeorge2018 · Answer 1 · 2021-01-19T14:55:35+01:00

Advantages of Free Trade:

The advocates of free trade put forward the following advantages of free trade:

(a) International Specialization:

Free trade causes international specialisation as it enables the different countries to produce those goods in which they have comparative advantage. International trade enables countries to obtain the advantages of specialisation. First, a great variety of products may be obtained.