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Monday, October 19, 2015

Why Trade for Developing Countries? – Part 2

Why Trade for Developing Countries?

            6.Trade increases choice and lowers prices for consumers by widening the sources of supply of products and services and strengthening competition.

            7.Trade plays a role in quality improvement, labor and the environment standards  through increased competition and the exchange of best practices between  business partners, building capacity in industry and product standards.

            8.Trade contributes to cutting government spending by expanding supply source of products and services and strengthening competition for government procurement.

            9.Trade strengthens relationships between nations by bringing people together in   peaceful and mutually beneficial exchanges and contributes to peace and stability.

            10.Trade creates employment opportunities by strengthening the economic sectors that create stable jobs and generally higher revenue, thus improving livelihoods.

GOOD LUCK


 
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