Influence Of Free Trade Agreements On Business Growth (3).pdf - flows improved development between the two countries However when the country that

Influence Of Free Trade Agreements On Business Growth (3).pdf

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22 flows improved development between the two countries. However, when the country that exported had a lower status of development compared to the country that imported, this impacted trade negatively particularly if the difference was huge. However, the impact on trade was positive when the difference in status of development of the two countries was small. 2.6 Summary of Literature Review Generally, FTA‟s is used as a means for firms to increase access to partner markets, minimize custom duties, reduction trade restrictions and removal of quotas for trade in products and services amidst two or more countries. The study considered more recent experiences particularly in U.S, Europe and Asia. Previous researches on FTA‟s on business growth were global hence the findings obtained from such studies were unique and inapplicable in the local setting (Kenya). This research brought useful and unambiguous insight into the field of macro-economic studies of global business environment through the import
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