According to the World Trade Organization, the chief advantage to importing products is an increase in market choices. With the importation of products, local markets can improve the variety of their offerings, providing... More »

U.S. Customs and Border Protection requires all vehicles imported into the country to meet the various regulations specified by both the Environmental Protection Agency and the Department of Transportation. The actual re... More »

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There are various categories of documents and duties required for importing goods from Canada into the United States, including common export documents, transportation documents, certificates of origin, and certificates ... More »

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According to the Houston Chronicle, advantages of a free market economy include freedom of innovation and the ability of customers to drive choices in addition to disadvantages such as the danger of the profit margin and... More »

Supporters of labor unions argue that they give allow workers greater opportunities for securing higher wages, benefits and better working environments, while opponents criticize labor unions on the grounds that they esc... More »

The primary advantage of imposing quotas on imported goods is protecting new industries from foreign competitors. The main disadvantage of erecting quotas on imports is its limitation on innovation and progress. More »

The World Trade Organization ensures that countries that trade goods and services have a say in how trade is conducted on an international level, thereby promoting peaceful relations, stimulating global economic growth, ... More »