FTAs don’t always promote domestic manufacturing or accelerate export growth: GTRI report
FTAs don’t always promote domestic manufacturing or accelerate export growth: GTRI report
Countries negotiating free trade agreements (FTAs) need to keep in mind eight “myths” which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI.
The report by Global Trade Research Initiative (GTRI) claims to dispel these ‘myths’, including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices.
Read more at:
https://economictimes.indiatimes.com/news/economy/foreign-trade/ftas-dont-always-promote-domestic-manufacturing-or-accelerate-export-growth-gtri-report/articleshow/95637510.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
