Abstract
Elimination of the trade barriers and stimulation of business activity through trade liberalization led to the expansion in the field of the global economy. There are plentiful hesitations about who gains the highest benefit from free trade, especially when it comes to the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union. Analogously, the previous mention guides to the dilemma about the trade negotiations and their position in the same agreement in which are the labor standards. Additionally, trade liberalization has influenced the creation of a close link connection between trade, labor, and globalization. This paper focuses on the effects of globalization and trade liberalization with their connection apropos the provisions from CETA; especially with an emphasis on Chapter 23: 'Trade and Labour’.
Highlights
Globalization has plenty of significant effects and implications in the society and business practice, but the positive effect of globalization can‘t be allowed to keep under wraps the negative repercussions in the process of trade liberalization, including the open issue of the criteria based on which the analyzes are made that exclude the side effects in the whole process
There are plentiful hesitations about who gains the highest benefit from free trade, especially when it comes to the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union
It is indisputable that globalization offers wide-open access among people and cultures when the goods, services, and trade are in question, but in that process considering the idea that the culmination already took its steps, there is a huge precariousness due to globalization, trade liberalization and the process of including the labor standards and mobility in trade agreements as CETA
Summary
Globalization has plenty of significant effects and implications in the society and business practice, but the positive effect of globalization can‘t be allowed to keep under wraps the negative repercussions in the process of trade liberalization, including the open issue of the criteria based on which the analyzes are made that exclude the side effects in the whole process. The international trade agreements have their function in managing the challenges that globalization produces on the negotiation platform for exemplification the certain ones making allowances for the connection with the labor, labor standards, Published online by the Institute for Research and European Studies at www.e-jlia.com and the workers Those challenges refer to handling the workers' immigration, the mechanism of recruiting the foreign workers, the process of purchasing the job across the border while having all the benefits and privileges of being a worker with respected labor standards on a high level, forbidding the exploitation of the workers with strengthening the tax regulation and the impact of the transition of the workers across the borders on the domestic job loss.
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