how the international trade play a important role
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In the absence of any specific new financial commitment for implementation under the FfD outcome, international trade as a catalyst for growth and employment creation is likely to play a critical role in achieving the SDGs. Trade is not considered to be an end in itself under the SDG framework but rather a means of supporting implementation
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How the international trade play a important role
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- Trade increases competition and lowers world prices, which provides benefits to consumers.
- By raising the purchasing power of their own income, and leads a rise in consumer surplus.
- Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.
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