Explain The Benefits And Costs Of A Free Trade Agreement

Starting in 2019, the United States will participate in 14 free trade zones from 20 countries. One of the best-known and most important free trade areas was born from the signing of NAFTA on January 1, 1994. This agreement between Canada, the United States and Mexico promotes trade between these North American countries. In 2018, the United States, Canada and Mexico signed the Agreement between the United States, Mexico and Canada (USMCA) to update and partially cancel NAFTA. However, it is unlikely, in our time, that free trade in financial markets will be completely free. There are many supranational organizations regulating global financial markets, including the Basel Committee on Banking Supervision, the International Organization of the Securities Commission (IOSCO) and the Committee on Capital Movements and Invisible Transactions.