ASEAN-CANADA FREE TRADE AGREEMENT: POTENTIAL ECONOMIC FOR ASEAN MEMBER COUNTRIESAsean-Canada Free Trade Agreement • June 30th, 2020
The globalization era demands the greater economic openness of every country in the world, both in trade and the financial sector. This is marked by the increasing number of economic cooperation that is formed (Sachitra, 2000). Economic openness illustrates the increasing absence of barriers in trading, both tariff and non-tariff, as well as the smooth movement of capital mobility between countries. In theory, economic openness promises benefits for all the countries involved. Advantages of international trade include opening up broader market access, achieving higher levels of efficiency and economic competitiveness, as well as greater employment opportunities (Salvatore, 2012).
