Description
Free Trade for Developing Countries
According to the World Trade Organization, developing nations have very low trade volumes due to government restrictions. The restrictions reduce the ease of doing business in the countries. It is upon these premises that free trade becomes useful for these nations. The primary objective of free trade is to enhance business among countries by eliminating unnecessary barriers to trade. Such barriers include state tariffs, licenses, taxes and quotas. Free trade ensures that countries engage in business cheaply.