Regional trade agreements and trade protection policies can potentially to make global trade both easier and more difficult for companies.

Question

Quizplus · Accepted Answer

Regional trade agreements can lead to easier trade between member countries by reducing tariffs and other trade barriers. On the other hand, trade protection policies such as tariffs, quotas, and subsidies can create obstacles for companies wishing to trade with other countries outside of the protected market. Therefore, global trade can be made both easier and more difficult depending on the type of trade policy being implemented.

Regional Trade Agreements and Trade Protection Policies Can Potentially to Make