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Week 2 Assignment.docx (1)
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Week 2 Assignment.docx (1) BUS 357 Free Trade and Government Regulations The University of Arizona Global Campus BUS 357: International Business Introduction Free trade is an agreement betwe... en two of more countries to trade without restrictions, tariffs, and quotas. The trade that takes place between two or more countries is called importing and exporting goods and services. Importing is the process of buying goods and services that are produced buy a foreign country and so then exportation would be the production of good and services that is then sold to a foreign company. In a free trade agreement those goods and services can be bought and sold between foreign countries€œwith little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange (Barone, 2020)â€. Even though it is called€œFree Trade†it is not always necessary free as there are countries that must still pay tari. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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