1. It encourages specialization.
  2. It increases the standard of living worldwide.
  3. It increases and promotes friendly relations, goodwill and international peace and harmony
  4. It promotes the development of transport and communication through the search for new markets.
  5. It brings about efficiency in the allocation of resources.
  6. It encourages the exchange of goods and services, ideas and knowledge.
  7. It increases output worldwide.
  8. It serves as a source of revenue generation.
  9. It leads to interdependence among nations.
  10. It promotes economic development.

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