Students can help clear up misunderstandings about trade agreements by looking at reliable facts and research.
Here are some important points to consider:
Understanding Economic Impact: The World Trade Organization (WTO) says that trade agreements can help the countries involved grow their economies. On average, they can add about $100 billion to a country's economy every year.
Job Creation: NAFTA, which is a trade agreement between the U.S., Canada, and Mexico, created over 5 million jobs in the United States. This happened because it encouraged more exports, or goods sent to other countries.
Consumer Benefits: When tariffs (which are taxes on goods from other countries) go down because of trade agreements, it can save consumers money. People can save up to 10% on the prices of some products.
Global Trade Growth: Since the year 2000, trade agreements have helped increase trade all around the world by 52%.
Students can help clear up misunderstandings about trade agreements by looking at reliable facts and research.
Here are some important points to consider:
Understanding Economic Impact: The World Trade Organization (WTO) says that trade agreements can help the countries involved grow their economies. On average, they can add about $100 billion to a country's economy every year.
Job Creation: NAFTA, which is a trade agreement between the U.S., Canada, and Mexico, created over 5 million jobs in the United States. This happened because it encouraged more exports, or goods sent to other countries.
Consumer Benefits: When tariffs (which are taxes on goods from other countries) go down because of trade agreements, it can save consumers money. People can save up to 10% on the prices of some products.
Global Trade Growth: Since the year 2000, trade agreements have helped increase trade all around the world by 52%.