Explain one benefit of the UK developing free-trade agreements with non-EU countries

It would enable UK firms to trade in foreign markets without tariffs, this is beneficial because the Uk firms would be more competitive with their goods being lower priced. It would also allow for foreign firms to supply more easily into the UK market and this would mean UK consumers would have a larger variety of goods to choose from.

OB
Answered by Omar B. Economics tutor

2490 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

How should put in my essays for 25 mark questions?


Explain the law of demand with the help of a diagram.


Which one of the following is the most likely consequence of an increase in the division of labour in the production of smartphones?


What is demand pull inflation?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences