Free trade permits nations to import and export without tariffs. The World Trade Organization, which works to facilitate the free trade of products and services with member countries around the globe, notes on its website that free trade is beneficial because it promotes job and economic growth and lowers the cost of living for consumers. It also provides greater choice and higher quality of products and services for consumers worldwide.
The Washington, D.C.-based Cato Institute is a nonprofit public policy research organization whose goals include the promotion of free trade. The Institute maintains the position that free trade is important for moral and economic reasons. Free trade is in line with an individual's personal freedoms, and brings consumers better choice and lower prices. The Cato Institute's scholars and analysts conduct research, publish articles and appear on television and radio programs to discuss issues related to free trade, such as agricultural trade, trade and foreign policy and globalization.
Free Trade Alliance
Since 1994, the Free Trade Alliance, or FTA, has coordinated the development of trade effort for the San Antonio, Texas, region. These efforts fall under the areas of foreign investment, business development, and policy and advocacy. Among the objectives of the FTA are providing logistical support for use of San Antonio's port, coordinating international trade missions, and monitoring trade-related issues. Members of the FTA enjoy benefits such as a monthly newsletter, access to trade leads for buyers and suppliers and the opportunity to participate in networking activities.
World Trade Organization
The World Trade Organization, or WTO, deals with trade rules between nations and works to ensure that trade flows as smoothly and freely as possible. According to the organization's website, it helps groups including producers of goods and services, importers and exporters. When member governments have trade problems, they can turn to the WTO for help in sorting them out by way of mediation or arbitration. Members sign agreements that cover industries including textiles, agriculture and intellectual property. The agreements discuss such topics as product quotas, copyrights and trade secrets and fair market prices.