Introduction In economics, trade infers to the buying and selling goods and services where the buyer makes compensation by paying the seller. A trade could also entail the transfer of goods and services from one party to another. Economists argue that liberalism is integral for the realization of growth and development in various economies situated globally. Notably, as Matsushita reveals, the World Trade Organization (WTO) supports the “Free Trade” concept to enhance international trade growth. 1 The organization pursues the establishment of structures that facilitate fair trade at the global scale by overseeing the sealing and implementation of trade pacts. The body also curtails the emergence of trade barriers and acts as an arbitrator in conflict situations as Dragusanu, Giovannucci, and Nunn reveal. 2 Mainly, the violation of international trade bargains undermines the creation of economies characterized by fair trade. Thus, as Bagwell and Staiger assert, global bodies such as WTO need to facilitate the successful implementation of global trade agreements. 3 In this respect, economists underline that fair trading environments offer the participants an array of benefits at the international level. Economic Argument for Trade Fair trade provides the involved parties a comparative advantage by offering opportunities to specialize in the goods and services associated with a low opportunity cost in their respective countries. According to the lecture notes by W. Seay, capitalism drives fair trade, a case that results in freedom among the parties concerned. 4 As such, the elimination of trade tariffs creates freedom. According to Jorgenson and Rice, the efficiency characterized by the decrease of duties influences the expenditure trends, which change from expensive to discounted manufacturers, thus resulting in fair trading opportunities. 5 Additionally, fair trade bolsters the increase in exports due to the opportunities created by comparative advantages gained by reducing tariffs. In line with promoting the success of the export-oriented sector, Dragusanu, Giovannucci, and Nunn reveal how fair trade provides economies of scale to players in sectors that require high investment levels. 6 The establishment of fair trade environments is instrumental in the utilization of surplus raw materials. According to the lecture notes, developing countries, including the ones in West Africa, trade their gold with developed economies such as China, among others, thereby using it to back up their paper money. 7 Middle Eastern countries provide another example of how the economies use their surplus oil production capacities to trade beyond the domestic boundaries. Thus, they realize the growth of their economy by trading with other countries at the global level. Further, economists argue that fair trade bolsters competition between domestic and foreign industry players in ways that inhibit consumers from being subjected to high prices by domestic monopolies. According to Johnson, the establishment of free trade areas (FTAs) has been the engine for free trade since 1945 by facilitating an annual growth of 7% in global trade. 8 As such, economists also argue that fair trade con