-
Essay / Benefits of Free Trade Agreements
The United States itself is a land of free trade. As Americans, we are proud of our country's capitalist methods. Free trade is a fundamental element of a peaceful and efficient society. As such, I believe that international free trade agreements are not only in the best interests of the United States, but also in the best interests of the rest of the world. This is also not to say that free trade agreements are not without potential flaws; It is true that these international trade agreements open up many business opportunities. Unfortunately, it also opens up more opportunities for economic corruption and exploitation, leading to war and the severing of ties between nations. In theory, however, I believe that free trade agreements can be very beneficial between nations with neutral or positive relationships. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay There is a reason why the United States practices different levels of trade with certain nations. Since 2015, we have concluded free trade agreements (or FTAs) with 20 different countries. These countries include Chile, Australia, Jordan, Canada, Mexico and Japan. (International Trade Administration). It should be noted that these are all countries with which the United States has positive or neutral relations. Although there are limited trade agreements with other countries such as Russia and China, these countries often sanction each other in terms of economic support for the United States. Although the idea of FTAs is attractive, the absence of such agreements has sometimes proven to be in the best interests of nations in conflict. Periods of war are often linked to economic crises. Since free trade agreements open up more opportunities for war, it is important to maintain these agreements with trusted countries. Additionally, it is important that trading countries can mutually benefit from free trade with certain countries. “…Recent wartime achievements reduce the gains from an FTA because war outbreaks increase the political costs of negotiating an FTA. » (Martin et al., p. 3) This may explain why America has limited trade deals with other countries that are not on the best terms with us. Coincidentally, many of these countries pose a potential threat to the United States should war break out. Most of the countries with which America conducts free trade activities are either alliances or other countries that pose no political or military threat to us. The need for free trade has very obvious benefits, at least between some countries. Although it is in the United States' interest to limit or deny trade with certain countries, these measures can be very beneficial if implemented correctly. This is why the United States has concluded agreements with a limited number of member countries. It can be argued that many of these countries, such as Japan, Canada, and Australia, are free trade countries primarily for political reasons. Countries like these have had sociopolitical ties to the United States since the 20th century. Naturally, it is a good idea to maintain these relationships in the event of war. To some extent, political relations have always played a role in trade limitations between countries. The United States is no exception to this rule, which is why we do not have free trade agreements with many countries. However, if free trade agreements.