What are advantages to the members of a Free Trade Agreement and disadvantages to the nonmembers?

Question

What are advantages to the members of a Free Trade Agreement and disadvantages to the nonmembers? Are regional or bilateral free trade agreements good or bad for the world trade as a whole?

Answer 1

Reduced or zero Import Duties.

(non-members, the reverse)

Answer 2

Just be honest. Be kind but when you feel someone is taking advantage of your kindness, nip it in the bud, just say "now you're trying to take advantage of my good nature, and that ain't gonna happen." Be definite about it. If they start to argue or disagree with your statement, just shrug and walk away because that's how you felt and so stick with it. Most people who use other people are real real good at justifying their demands and transferring the guilt or blame onto you--just don't allow that to happen. It may mean you will sometimes have to show your prickly, steely side but so be it. And if you are consistent every time, people will begin to understand that you have your limits and to not try to push you beyond that. You can still be kind most of the time, just know where your own limits are and stick to them, don't let others push you around.

Answer 3

Good for the rich countries.

Bad for the poor.


Bring down trade barriers and allow rich too export to countries unable to compete.
USA & ECB only Help themselves. Poor countries cannot compete, world trade round for rich not poor.