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Discussion Topic As presented in this chapter, there are benefits, but also concerns about increasing free trade

Economics

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Discussion Topic

As presented in this chapter, there are benefits, but also concerns about increasing free trade. One of the ways to address the trade offs is for countries to enter into multinational trade agreements. The US, Mexico, and Canada are all a part of a trade agreement that had been called NAFTA (North America Free Trade Agreement) and is now the USMCA (United States- Mexico-Canada Agreement).  

And, please keep in mind that the pandemic has presented many challenges to free trade as countries close their borders and restrict exports of vital goods. 

 (Links to an external site.)

Instructions

Please do some research online at this website from the Office of the United States Trade Representative (Links to an external site.) and other websites that you find on your own to learn more about this agreement and then answer the following questions in light of the situation with Covid-19.

• Do you think reducing trade barriers is a good idea? Why or why not? 
• What are some of the parts of the USMCA that concern you? 
• What are some benefits from the USCMA?
• What do you think is the most effective way for countries to work out their trade differences?
• Which countries have successfully used increased trade to promote their country's economic growth?

1. Post your answers to these questions.
2. After posting to the discussion, please be sure to comment on what you like about at least two other students’ posts.