First, states can obtain benefits from free trade policy because of the elimination of tariffs and subsidies. Supporters of free trade advocate the elimination of tariffs and subsidies oppose regulation that force companies to pay extra for doing business in foreign markets. A main principle of free trade is non-intervention from the government. Under free trade policy, uncontrolled or unrestricted access to economy allows states to open up of all international markets, and this makes all states equal competitors ...
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...r trade is a trade agreement to focus on “fair trade” of workers and farmers, the wages, and working conditions of labour in developing markets where wages and working conditions are otherwise poor compared to their more developed counter-parts. In fair trade agreement, protectionism remains as a dominant system of protecting own farmers. However, the protectionist states can still exchange their goods and services (Rubicam, 2013). If all the states accept fair trade agreement, not free trade agreement, there would be a possibility that states can explore their businesses world more widely and find another way to develop their companies. This could create a better working condition such as non-discrimination and gender equality, a regulation of no child or forced labour, and opportunities for economically disadvantaged producers (O’Brein, and Williams, 2007).
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