Advantages of Free Trade Area
The evaluation under paragraph 5a of Article XXIV of the general. Be free to modify change eliminate or add to the material in the textbook. What Are The Unique Advantages Of The Hainan Free Trade Zone Hainan Service Trip China Travel The main example of this is the introduction of the Euro in the European Union. . Free trade creates economic growth opportunities. Article XXIV5 back to top. The law of comparative advantage states that free trade will enable an increase in economic welfare. Another advantage that Singapore offers to international trade firms is its Free Trade Zones FTZs. Customs unions free-trade areas and interim agreements leading to the formation of a customs union or free-trade area to be consistent with Article XXIV must satisfy inter alia the provisions of paragraphs 5 6 7 and 8 of that Article. Free-trade zone also called foreign-trade zone formerly free port an area within which goods may be landed