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6) Use of trade barriers in the name of Fair trade is often just an excuse to raise more protectionist barriers to serve domestic special interest groups, Do you agree? Justify your opinion with suitable examples.(250 words)

Topic:  Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

6) Use of trade barriers in the name of Fair trade is often just an excuse to raise more protectionist barriers to serve domestic special interest groups, Do you agree? Justify your opinion with suitable examples.(250 words)

The hindu

Why this question:

Free trade which has driven the global economy since several decades has come under attacks in recent times.

Key demand of the question:

One has to express opinion about free trade with suitable justifications.

Directive:

JustifyWhen you are asked to justify, you have to pass a sound judgement about the truth of the given statement in the question or the topic based on evidences.  You have to appraise the worth of the statement in question using suitable case studies or/ and examples.

Structure of the answer:

Introduction: 

In brief define first what free trade is.

Body:

What is Free trade?-  It is a trade policy that does not restrict imports or exports; it can also be understood as the free market idea applied to international trade.

Highlight the recent issues and stands taken by different countries like US and China.

Explain then, how a country should reciprocate if barriers are imposed for its trade.

Conclusion:

Conclude with the fact that Use of trade barriers in the name of Fair trade is often just an excuse to raise more protectionist barriers to serve domestic special interest groups.

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