Bilateral Agreement Restrictions

Free trade agreements (FTAs) are expected to promote economic growth and prosperity by: As described above, free trade agreements (FTAs) can influence employment prospects, wages and broader working conditions in certain sectors or for certain occupations or skill levels. Economic performance indicates that deeper trade agreements increase trade in services if they contain provisions on certain sectors and remove pervasive barriers across the border, such as approximation of laws and rights to national treatment. [footnote 14] Services and merchandise trade are linked, so an open services sector makes an important contribution to maintaining internationally competitive product sectors. . . .