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Flashcards in Trade Agreements Deck (4)
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1

What do they allow?

Flows of products globally, barriers eliminated

2

Advantages on a global scale?

Improve global peace/security
Increase global trade
Help members develop economies

3

Advantages regionally?

Compete on a global level
Bigger representation in world affairs
Freedom of movement of trade
Move between countries easily
Share technology advances

4

Disadvantages?

Loss of financial controls
Pressure to adopt central legislation
Economic sectors damaged due to sharing resources