Use of English

Trade Across Borders

Global trade agreements are deals between countries that aim to make buying and selling goods easier. Supporters argue that such agreements can (0) CREATE jobs, lower prices and increase consumer choice. By reducing taxes on imports, they often help companies (1) .......... into new markets and compete more effectively abroad. They can also lead (2) .......... closer economic ties between nations, which may encourage cooperation in other areas. However, not everyone benefits equally. Some local industries may struggle to (3) .......... up with foreign competitors that produce goods more cheaply. Workers in certain sectors may lose their jobs if companies decide to move production (4) .......... in search of lower costs. Critics also point (5) .......... that trade agreements can limit a government's ability to protect local businesses or set environmental rules. Even so, many economists believe that, in the long (6) .........., open trade can help countries grow richer. The real challenge is to make sure the gains are shared more fairly and that people who are negatively affected are given support to adapt (7) .......... change. As global markets become more connected, trade policy is likely to remain a major topic of public (8) .......... for years to come.