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The majority of economists believe that free trade improves economic welfare, but in reality, true free trade does not exist. Even in the European Union, which has free movement of goods, services, capital, and people, there are still trade barriers between member states. Countries aim for freer trade by negotiating trade agreements, which involve lowering tariffs, quotas, and other market access conditions for products from other countries. These agreements help to promote trade and economic cooperation between nations.
