Which competing interests do countries consider when seeking trade agreements?
A) limiting environmental impacts and standardizing labor practices
B) attaining goods and protecting domestic industry
C) protecting domestic industry and promoting cultural diversity
D) attaining goods and decreasing labor costs

Question

Quizplus · Accepted Answer

When seeking trade agreements, countries consider the competing interests of attaining goods and protecting domestic industry. On one hand, they want to gain access to foreign markets to increase exports and economic growth. On the other hand, they want to protect their own industries from foreign competition that may threaten jobs or industries. Other considerations such as environmental impacts, labor practices, cultural diversity, and labor costs may also be taken into account, but the primary concern is typically attaining goods and protecting domestic industry.

Which Competing Interests Do Countries Consider When Seeking Trade Agreements