Free Trade and International Agreements. 4.1.8 Define free trade. (k) 4.1.9 Evaluate the arguments...

Free Trade and International Agreements

• 4.1.8 Define free trade. (k)• 4.1.9 Evaluate the arguments for and against

free trade. (i) • 4.1.10 Examine international trading

agreements, trading blocks, and emerging trading patterns. (a)

4.1.8 Define free trade. (k)

• Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). (Wikipedia)

4.1.9 Evaluate the arguments for and against free trade. (i)

• Let’s take a look at the article and create our own list of advantages and disadvantages:

• Free trade talks continue between Canada and EU

• We can also take a look at list developed by a university – let’s see what other factors we should consider.

4.1.10 Examine international trading agreements, trading blocks, and emerging trading patterns. (a)

• Is there much free trade in the world?• Let’s see some data:• Free Trade Agreements

Fair Trade

• Definition: • Canadian Fair Trade