that rather be left alone and being self-sufficient. An example of this statement would be the

United States who thinks that Free trade is big on improvement by creating new jobs and making

the U.S. the global leader in economy. Whereas, Switzerland refused to join the European

Economic Area (EEA) for personal reasons and China that trades but not freely. Well, what is

free tree trade any ways? According to Microsoft Encarta 1996, free trade is defined as an

interchange of commodities across political frontiers without restrictions such as tariffs, quotas, or

exchange controls. As good as it may sound, free trade, unfortunately as a few negative aspects,

such as the fear of loss of sovereignty, protection of a nation's resources, etc. The purpose of this

essay is to define free trade, give examples of free trade agreements and to find out weather it is

an opportunity or nightmare (in Canada) based on various sources .

The definition of free trade refers to the term tariff which I think needs to be elaborated in

order to get a better understanding of free trade. A tariff is a list or schedule of customs dut

against foreign competition and to achieve a favorable balance of trade. Tariffs were intensified

creation of the European Economic Community (EEC). Other countries eventually joined such as

essay. Going back to EFTA, it is governed by a council, consisting of a representative from each

of government in Canada can give preferences to Canadian firms over American ones. Each

European Economic Area (EEA). The EEA went into effect on January 1, 1994, although

Some common words found in the essay are:
FTA Canada, Microsoft Encarta, United Canada, Canada Germany, Business Canada, European Union, Energy Board, World Championship, Democratic Republican, Latin American, free trade, infopedia 20, trade agreement, encarta 96, european economic, comparative advantage, european union, free trade association, mexico united, trade association, natural gas, canada mexico united, free trade agreement, free trade agreements, european economic eea,
Approximate Word count = 2157
Approximate Pages = 9 (250 words per page double spaced)