Benefits Of FTA

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Recommended: Positive effect of free trade

FTAs include the removal of tariffs and other trade restrictions on a comprehensive array of either goods, services, or both (David Lynch, 2010, p. 895). With a full understanding of the benefits in mind when discussing Free Trade Agreements, the four primary reasons why countries are eager to join are to increase market access, increase competitiveness in global markets, to achieve economic stability, and to promote investment. I feel that these four factors are most important because today’s market is extremely competitive and there must be personal benefit as well as benefits for the nation in the agreement.
To start with the discussion regarding the first primary reason a country would join a FTA I will begin with the ability to increase …show more content…

For example, the Central American Free Trade Agreement has provided countries like Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua the opportunity to prosper and increase their economic state for their residents. This competitiveness has not only created and encouraged healthy economies but has continued production and effort to continually maintain the agreements to benefit the countries overall …show more content…

Leviticus 25:14 states, “If you make a sale, moreover, to your friend or buy from your friend’s hand, you shall not wrong one another.” I feel that the agreement put in place truly relates as there is less room for a country to wrong another, as the benefits presented truly provide each country countless benefits. While countries may pursue the FTA as a way to strictly gain benefits for their own citizens, the overall choice that their leaders make can bring citizens out of poverty with more jobs available and this provides each country more incentive to continue to fully respect the fine lines presented in each agreement signed. In closing, Proverbs 10:9 states, “Whoever walks in integrity walks securely, but he who makes his ways crooked will be found out.” Such a reminder from Proverbs enables us to begin to question our wrong choices made as well as make better choices in our future regarding possible choices made in self-interest rather than for the opportunities of

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