https://padlet.com/v3varun/5qq65hw2sb7irnan Varun Vibhu Prakash en-us 2020-04-17 20:42:10 UTC 2025-10-27 15:15:09 UTC hello@padlet.com https://padlet.net/icons/png/1f4dd.png v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513698906 Hello to all Readers!!!

Welcome to this Padlet, which will be an analysis of the Free Trade Agreement and Protectionism.

In this Padlet, you will be led through a general overview of the above-mentioned topics, and will hopefully leave this Padlet with a better understanding of the FTA and the role of Protectionism]]> 2020-04-17 20:44:58 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513698906 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513710345 The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Canada and 10 nations in the Asia-Pacific Region. This video outlines the benefits of the CPTPP for Canadians through an improved trading block, approx. 4.5 billion in extra funds, and reduced tariffs for various workers.

This video is a representation of the benefits of Free Trade and how Canada, and other nations can benefit from working internationally to improve economic trade.

Vid#2: Benefits of the CPTPP for Canadians]]> 2020-04-17 20:54:52 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513710345 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513715172 The North American Free Trade Agreement (NAFTA) is an economic free trade deal between Canada, USA, and Mexico. The video below is a brief history of the NAFTA; how it was created, and why. 

This video is a good historical video regarding one of the largest Free Trade Agreement in the world. This Agreement, formed in 1993, when signed by President Bill Clinton, helped create increased jobs for the nation, and the trade between the three nations is now upwards of 1.1 TRILLION dollars. 

Vid#1: Brief History of the NAFTA]]> 2020-04-17 20:59:12 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513715172 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513837087 Protectionism has historically been known as negative from an investing standpoint due to a lack of resources and availability of business to invest. However, in some cases (as demonstrated in the video) where protectionism can be seen as a positive tool in an investor's profile, depending on the efficiency of their profile in handling domestic clients

This video outlines a rarely seen opinion in Canadian economics regarding Protectionism. We see a potential method where protectionism becomes viable, and can be used to positively build up an investor's profile. 

Vid#3: Benefits of Protectionism]]> 2020-04-17 23:28:39 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513837087 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513842302 Protectionism is the practice of protecting a country's domestic industries from competition (through foreign companies) by including a tax on al imported products. This has the unfortunate effect of reducing international business, and can be very harmful in the international economic system in place today. This video outlines the risks of adopting a policy of Protectionism, with Ex-President Barack Obama firmly stating that "Protectionism will Fail".

This video is a clear example of the issues with protectionism. In today's economy, protectionism is not only a danger to a country's international interests, but will also hurt the country's domestic economy. With reduced business, there are reduced profits.

Vid#4: Barack Obama on Protectionism]]> 2020-04-17 23:37:20 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513842302 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513845936 "Protectionism refers to government policies that shield domestic production (and producers) from foreign competition. This is done through introducing a system of taxes on all foreign goods and products, to increase their overall price, to encourage customers to buy domestic. This website gives a clear definition to protectionism, with clear examples and anlysis.

This website was chosen as it is important to provide a thorough understanding of the basics of a topic, before looking at positives and negatives, for context purposes. This website introduces readers with no background in protectionism and gives clear definition and examples for greater understanding

Website#3: What is Protectionism ]]> 2020-04-17 23:43:55 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513845936 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513851193 Protectionism is a danger not only to businesses importing into the nation, but is also a danger to any business within Canada which exports products internationally. This  article outlines the issues with the new trade policies that have been passed in Canada which negatively affect business which are looking to export their good to other countries.

This video brings up a unique issue faced with the policy of protectionism. Most countries don't seem to realize that it works both ways; closing off your borders will mean lack of access to international resources. This results in Canadian businesses suffering losses while looking to trade internationally 

Website#4: Protectionism policy worsening in Canada]]> 2020-04-17 23:53:10 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513851193 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513859099 Free Trade Agreements refers to an agreement made between two nations where all tariffs on products are eliminated in order to promote trade between the two nations.  This is a very effective method of rejuvenating a country's economy by giving them more options, both in import and in exports. This article has a concise history of Free Trade in Canada, beginning from 1968, culminating in the North American Free Trade Agreement (NAFTA).  It also explains the potential issues of free trade which include 'loss of sovereignty', which refers to idea that Canadian traditions and Canadian businesses will suffer due to the actions of larger, multi-national companies.

This article clearly outlines a history of free trade in Canada and the positives and negatives of encouraging free trade.  It also provides clear evidence to how free trade can improve a nation's economy, using NAFTA as the prime example.

Website#1: What is Free Trade]]> 2020-04-18 00:08:17 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513859099 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513867402 The Canadian Free Trade Agreement was the result of three years of negotiations between the provinces and territories of Canada, in order to  "...secure an ambitious, balanced and equitable agreement that would level the playing field for trade and investment in Canada. The article mentions the enhanced trade rules which promote free trade and apply to all area of economic activity in Canada. It also notes how all governments have made commitments to improve relations with business by promoting open procurement practices. 

This article presents a very positive spin on the CFTA, praising how the new and improved trade policies will help bring extra business to domestic companies in Canada. It also clearly outlines government involvement in the entire process of the creation and implementation of the CFTA, but ensures that this involvement will yield positive results.

Website#2: The Canadian Free Trade Agreement]]> 2020-04-18 00:25:17 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513867402 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513871542 This image clearly shows how much free trade Canada conducts with the rest of the world. It also shows the Canadian faith in Free Trade, considering the fact that agreemements exist in 5 of the 7 continents. This proves that free trade has positive benefits on the economy of the nation]]> 2020-04-18 00:34:11 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513871542 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513874179 This image outlines the protectionism that exists within the provinces of Canada itself, outlining the fact that protectionism isn't just an international issue. Provincial protectionism is worse, as it results in very small amounts of business for all provinces making it impossible to grow as a nation]]> 2020-04-18 00:40:05 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513874179 v3varun https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513875370 1. Through this Padlet, I learned a lot about the specific policies that are used by Canada in order to promote free trade, and I was honestly surprised by the sheer number of countries that Canada has a Free Trade Agreement with. It outlined how much Canada relies on free trade to support our economy and businesses

2. This topic is vitally important in real life, especially today, considering the nationalistic view many nations are taking in regards to economic policy. This, combined with COVID-19, which will lay waste to the nation's economy if given the chance, means that it is more important than ever to understand trade policies and how countries are reacting to the events in the last few years, adn currently.

3. I believe the most important thing to pass on to someone else in this Padlet is the risk of protectionism. While looking good on paper, no single nation can provide all necessary resources to sustain itself, and grow as an economic powerhouse. A policy of protectionism in this international market leaves up starting with a broken leg, and it could prove to be a crippling disability.]]> 2020-04-18 00:42:42 UTC https://padlet.com/v3varun/5qq65hw2sb7irnan/wish/513875370