Omar Ch 11B

Free Trade Agreements: The FTA is a movement or a process taken out by countries who want to
help bring Goods and Services from other countries to their own country.

Restrictions: Restrictions are certain limitations that forbids the process of something taking place. In
this case, we can talk about the limitations that either slow down or diminishes the flow of the
economy, such as instability in job-enlisting and investments.

Goods and Services: Goods and Services are the resources that being imported or exported in trade.

Tariffs: Tariffs are the taxes that are appointed by governments of the countries in the trading
process.

Thinkers:

The FTA is especially important to a country’s economy due to the commercialization that it
provides. This commercialization allows the citizens to be able to use resources from different
countries and revive the monetary value of the trades.

The impacts of FTA consist of allowing for countries to take one step forward into creating the world
peace that we’ve always longed for, by creating truces amongst each other with our business and
wealth regulation.