We calculate the overall impact of the CPI content of EU trade agreements by comparing the current situation to a counterfeit scenario in which the EU has not signed trade agreements. The comparison of the consumer price index in the two scenarios allows us to answer the question of the extent to which poorer EU12 consumers would have been real without trade liberalization on the basis of agreements over the past two decades. Trade agreements open up new markets for businesses, increasing competition. To compete, companies are forced to build more quality in their products. For example, if the United States signed a free trade agreement with Cuba, U.S. cigar manufacturers would have to make higher-quality cigars to sell Cuban cigars. Improving the quality of products means better consumer satisfaction. In addition, consumers have access to a wider range of products and services. International trade between different countries is an important factor in raising living standards, creating jobs and enabling consumers to benefit from a wider variety of products. With the expansion of markets comes a higher business development. Small businesses, in particular, can purchase raw materials from other countries within the free trade area without incurring additional costs and sell more goods in the wider market.

The result is the creation of new jobs as businesses need more staff to support growing activities. According to the USTR, 6,000 NEW EMPLOIS will be created in the United States for each export worth $1 billion. International trade has taken place since the beginning of trade in the early civilizations, but in recent years international trade, with a larger share of GDP, has grown in importance for exports and imports. Okoli Vincent International trade has been a great advantage for many nations so that they can use what they want to achieve sound development. The second round of negotiations for a large-scale transatlantic trade agreement will begin in Brussels on 7 October. Amid calls for more openness and public participation, the European Commission has moved into propaganda mode and has fostered myths about transparency and accountability for discussions. Look at his well-being rhetoric with the mythical destructive guide of the Observatory of Business Europe on secrecy, corporate influence and lack of accountability in transatlantic trade negotiations. (Corporate Europe Observatory) The EU`s free trade agreement with South Korea came into force on 1 July 2011 and EU Trade Commissioner De Gucht called it “the most ambitious trade agreement ever concluded by the EU”. The agreement is the EU`s first trade pact with an Asian country and will largely eliminate tariffs between South Korea and its European partners.

EU exports are expected to increase by 19 billion euros per year. However, while the agreement underlines the signatories` commitment to labour and environmental standards, concerns have emerged about the real potential for sustainable development under the pact. Japanese and German car companies are concerned about maintaining competitiveness with cheaper South Korean cars and South Korea is open to the growing influence of multinationals. (International Centre for Trade and Sustainable Development) As with all theories, there are opposing points of view. International trade has two opposing views on the extent of trade control between countries. international trade contributes greatly to the growth of the country`s economy, because while the country exports much of the value of its currency and it also maintains the good relationship between trade countries and the exchange of creativity and innovation, which leads to quality products and maximize customer satisfaction Free trade is the simplest of the two theories.