Assess the positive aspects of ‘trade liberalisation’.

The positive aspects of trade liberalisation are as follows:-

• It has enhanced the competition of production of different goods in the market and reduced the cost of the products because all of the nations will try to provide good quality at minimum rate.

• New markets are opened for the producers.

• The quality and accessibility and affordability of the goods have improved.

• Trade liberalisation enables greater specialisation.