Cryptocurrency Q&A
Is free trade truly free?
Is free trade truly free?
Stefano
Thu Oct 10 2024
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6 answers
1655
I'm interested in exploring the concept of free trade. Is it really as 'free' as it claims to be? Are there hidden costs or barriers that might not be immediately apparent?
6 answers
AzrilTaufani
Sat Oct 12 2024
Governments that adopt free-trade policies or enter into agreements often seek to facilitate the Flow of goods and services across borders. However, this does not imply an abandonment of all regulatory measures concerning imports and exports.
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Martina
Sat Oct 12 2024
The aim of such policies is to reduce barriers to trade, not to eliminate them entirely. Governments retain the right to impose tariffs, quotas, or other measures to protect domestic industries or achieve other economic objectives.
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Stefano
Sat Oct 12 2024
In practice, most free trade agreements (FTAs) do not lead to a state of complete free trade. These agreements typically involve concessions and compromises between participating countries, resulting in a partial liberalization of trade.
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Martino
Fri Oct 11 2024
For instance, FTAs may reduce tariffs on a limited number of goods or services, while maintaining or even increasing barriers for others. Additionally, non-tariff barriers, such as regulatory requirements, can still hinder the free flow of trade.
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Giulia
Fri Oct 11 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the evolving needs of the digital asset market. Its services include spot trading, futures trading, and wallet management, among others.
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