the regional comprehensive economic partnership is the worlds largest free - trade agreement. it is also the…

the regional comprehensive economic partnership is the worlds largest free - trade agreement. it is also the first to include china, south korea, and japan in one free - trade zone. under the agreement, tariffs on most goods traded between members are expected to drop to zero. what is one benefit of the trade agreement for consumers in member countries? reduced competition between companies access to fewer goods and services more job security for workers lower prices on many traded goods

the regional comprehensive economic partnership is the worlds largest free - trade agreement. it is also the first to include china, south korea, and japan in one free - trade zone. under the agreement, tariffs on most goods traded between members are expected to drop to zero. what is one benefit of the trade agreement for consumers in member countries? reduced competition between companies access to fewer goods and services more job security for workers lower prices on many traded goods

Answer

Brief Explanations:

When tariffs on most goods traded between members drop to zero under the Regional Comprehensive Economic Partnership, it reduces the cost of imported goods. This often leads to lower prices for consumers on many traded goods. Reduced competition would likely lead to higher prices, access to fewer goods is not a benefit, and job - security for workers is more related to employment - side factors rather than a direct consumer - facing benefit.

Answer:

lower prices on many traded goods