If there is free trade and tariffs and quotas are abolished, monopolies will also be abolished because more players will be able to enter the market and join the market. The purpose of trade is to provide access to a wider variety of goods and services. According to the Heritage Foundation, free trade “encourages competition and encourages companies to innovate and develop better products… Prices are low and quality must remain high. Free trade allows regions and businesses to focus on the goods or services they do best. International trade increases a company`s market share. The result is lower costs and increased productivity, resulting in higher production rates. There are already some 400 free trade agreements in the world (including free trade agreements in the planning phase). They are complex and create what is called a “spaghetti effect.” In addition, the negotiations expect multilateral free trade agreements to be concluded that are only considerable in terms of the economic dimension, the population that covers them and the number of countries in which they participate. In addition to existing agreements, global economic partnerships are increasingly complex and complex. “Few proposals have as much consensus among professional economists as there is a consensus that opening up world trade stimulates economic growth and raises living standards.” – Greg Mankw [link] Middle Eastern countries like Qatar are very rich in oil reserves, but without trade, it wouldn`t be like much vonn to have so much oil. Japan, on the other hand, has very few raw materials; Without trade, it would have a low GDP. The Free Trade Agreement (FTA) between the United States and certain trading partners provides low or duty-free access and other benefits, including, stronger intellectual property protection, fair treatment for U.S. investors, greater U.S.

exporter inputs in FTA product standards, and increased opportunities for foreign government procurement and U.S. service providers. Joseph Stiglitz is more cautious. Stiglitz argues that free trade depends on the individual circumstances of reality: the only beneficiaries of trade restrictions are inefficient enterprises and the special interests that work towards this protection from competition. A free trade area deals with the abolition of tariffs and trade measures applied to Member States.