International Trade
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1. International trade can be beneficial if you can produce aproduct cheaper than other countries, and have access to their markets without the imposition of trade tariffs, e.g. thdre are free trade agreements with other countries. This allows you to sell your goods competitively in their countries. This means that your country benefits from the increased sales and the welfare of the citizens in your country increases. However, there are some instances where trade tariffs are needed, for example to protect an emerging industry from foreign competition before it can get established and compete in the open market. In this case, free trade agreements would make it difficult
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Approximate Word count = 457
Approximate Pages = 2 (250 words per page)
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