This is why free trade agreements can often lead to the depletion of natural resources through mining, logging and mineral extraction. The fields and jungles of a developing country will soon be reduced to desert land due to band extraction and deforestation efforts. If foreign goods were freely imported, the domestic industries of developing countries would not be able to grow rapidly due to the superior strength of foreign industries. 5. Free trade can improve worker safety. When companies audit their best practices, there are several areas that look at them for improvements. Worker safety is generally one of the first beneficiaries of a free trade agreement. This result is particularly relevant when the manufacturing, mining and oil industries are taken into account. If workers can stay safe in the workplace, they can remain productive and help each organization improve its bottom line. The good thing about a free trade area is that it promotes competition, which increases a country`s efficiency in being on the same account of its competitors. The products and services will then be of better quality without being too expensive.
In this article, I will argue that free trade is supposed to cause some unintended side effects, but that it is better to achieve economic and social development with protectionism. Most of the problems associated with free trade arise only because the protectionist barriers erected by the countries of the North continue to disrupt a genuine free trade system and are therefore a disadvantage for developing countries. A free trade area deals with the abolition of tariffs and trade measures applied to Member States. This means that there are no common policies that apply to all members and that each country in the free trade area imposes its own tariffs and quotas. This is why international trade rules established in free trade agreements (FTA) must be used strategically. Free trade is also supported because it can eliminate the harmful effects of protection, such as high prices, the growth of monopolies, etc. It is also immune to abuses such as “corruption and corruption” and the creation of special interests that often occur under a protectionist system. Free trade gives countries of all sizes the opportunity to offer themselves new economic opportunities. It is a way to increase choice at the national level, control costs and encourage innovation in targeted industries and trade sectors. Free trade agreements are treaties that regulate the tariffs, taxes and tariffs that countries collect for their imports and exports.