The Major benefits of trade liberalization during a foreign trade for a country are:
- Liberalization gets a country’s markets enlarged and increased sales opportunities for its manufacturers and suppliers.
- Trade liberalization creates employment opportunities for many workers.
- It also makes consumers happy as they can now purchase things at lower prices due to healthy competition and have wider choices in products.
- The most significant benefit is, however, that of the achieving greater growth potential for the overall economy of the country.