3.7. Concerns Related to International Trade

International trade is mutually beneficial to nations provided the following conditions are met:

1) It leads to domestic competitiveness and enhances regional specialisation.

2) Increases sales and organisations achieve higher level of production

3) Improves standard of living both through income and employment opportunities.

4) It makes goods and services available globally.

5) Through enhancing sales potential there is equalisation of prices and wages.

6) International trade technology leads to diffusion of knowledge and culture.