Question

Free trade increases prosperity of Americans and the citizens of participating nations by allowing consumers to buy more, better quality products at lower costs. It drives economic growth,enhanced efficiency,increased innovation and the greater fairness that accompanies a rules based system.The main advantages of international trade is free trade agreements are designed to increase trade between two countries. Increased international trade has six advantages increased economic growth

Answer 1

Free trade increases access to higher-quality, lower-priced goods

Free trade means more growth

Free trade improves efficiency and innovation

Free trade drives competitiveness

Free trade promotes fairness

There imaginations on free trade as follows with facts behind as follows

More exports mean more wealth is a myth as more exports increase wealth only because they allow Americans to buy more imports and give non-Americans greater incentives to invest in America, helping the US economy grow.

In free trade means jobs go overseas is a myth the truth is that due to free trade jobs are reduced in inefficient companies provide space and work for efficient companies following the world development and advancement. For example radios were replaced by cd players and domestic phones by smart phones etc..

US trade deficits are bad for americans is myth but in reality it is good for americans. A trade deficit is not a debt. A growing trade deficit, despite its misleading name, is good for the economy.

Trade treaties require a surrender of sovereignty is myth its reality is trade treaties enhance freedom. Trade treaties are particularly valuable because they contain provisions that help governments avoid the worst damage that protectionism could inflict on their people.

Though there are many thoughts on free trade in negative and positive ways there are some facts that needed to be known and considered as they are the key reasons behind these thoughts so they need not to blindly followed