Discuss five reasons why less developed countries are reluctant in implementing free trade agreement

Answer:

-Avoid unfair competition from developed countries with superior products as It may or could lead to loass of market for their products.
-Prevent dumping of inferior goods by developed
countries which may lead to adverse effects to the people
-To reduce balance of payments deficits.
-Avoid erosion of cultural values arising from unrestricted interruption in free trade
-Avoid import inflation which may be caused by inflow of highly priced imports.

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