What are are two goals of free and open trade?

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2026-03-28 12:25

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Two primary goals of free and open trade are to promote economic efficiency and enhance consumer choice. By reducing barriers such as tariffs and quotas, countries can specialize in the production of goods and services where they hold a comparative advantage, leading to increased overall productivity. Additionally, open trade allows consumers access to a wider variety of products at lower prices, fostering competition and innovation in the marketplace.

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