Question

Following the agreement of the WTO, smaller nations are trading with much larger nations like the united states under free trade agreement. if we assume that Greece enters an trade agreement with us, who would benefit the most and why?

Answer 1

Both Greece and the United States would benefit from a trade agreement, with Greece accessing larger markets and the US gaining new export opportunities.

Step-by-step explanation:

In a trade agreement between Greece and the United States, both countries would benefit, but the extent of the benefits may differ. Smaller nations like Greece often benefit from trade agreements with larger nations as it allows them to access larger markets and increase exports. This can lead to economic growth, job creation, and increased income for the country.

The United States would also benefit from the trade agreement with Greece. It would gain access to new markets for its goods and services, which could lead to increased export opportunities. Additionally, the agreement could promote investment and create business opportunities between the two countries.

Overall, while both Greece and the United States would benefit from a trade agreement, the specific advantages for each country would depend on various factors such as the nature of the goods and services traded, the competitiveness of industries, and the trade policies implemented.