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Question
how do trade agreements of international organizations affect trade?
by eliminating tariffs and taxes on imports and exports
by incentivizing the development of trade policies
by helping smaller countries compete in the world market
by encouraging countries to provide open access to trade
Trade agreements and international organizations affect trade by eliminating tariffs (taxes on imports/exports) to reduce trade barriers, encouraging open access, aiding smaller countries’ competitiveness, and incentivizing trade - policy development. The option “by eliminating tariffs and taxes on imports and exports” directly addresses a core mechanism of trade agreements (reducing trade barriers via tariff elimination).
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by eliminating tariffs and taxes on imports and exports