#TariffsPause means freezing customs duties () can have multiple positive effects, including:
At the economic level
1. *Increase in trade volume*: Freezing duties can increase trade volume between countries, boosting economic growth.
2. *Reduction in costs*: Without customs duties, importers can save money, which may lead to lower prices for consumers.
3. *Encouragement of investment*: Freezing duties can encourage foreign investment, as it becomes easier and less costly for companies to operate in new markets.
At the trade level
1. *Increased competition*: Without duties, small and medium-sized enterprises can compete better in global markets.
2. *Facilitation of trade*: Freezing duties can reduce administrative and logistical complexities associated with international trade.
At the political level
1. *Improvement of trade relations*: Freezing duties can contribute to improving trade relations between countries, potentially leading to more comprehensive trade agreements.
2. *Enhancement of international cooperation*: Freezing duties can encourage more international cooperation in trade.
At the social level
1. *Increased availability of goods*: Freezing duties can increase the availability of imported goods, benefiting consumers.
2. *Reduction in prices*: It can lead to lower prices #GOLD