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[Music] governance of global issues for international trade agreements [Music] ever since Adam Smith published the world of Nations in 1776 the vast majority of economists have accepted the proposition that free trade among nations improves overall economic welfare but does free trade really exist the answer is not really even in the European Union where there is a free movement of goods services capital on people there are still many barriers to trade between the EU Member States the yule is much further in its internal trade liberalization than any other region in the world but most countries do also aim at a certain if not free then at least freer trade with their neighbors and other trading partners how do they do that well by concluding trade agreements with each other through trade agreements countries that they border taxes that is tariffs as well as quotas and other market access conditions that they are willing to allow to products coming from other countries today markets the
