What do you think was the historical turning point in modern trade relations among countries? Explain.

Tariffs are a current political topic that affect international trade and the businesses that conduct it. They are considered a barrier to trade. There are several other non-tariff barriers that add costs to international business. Elements of International Trade Theory (free trade) inform government policy on trade between and among countries (“fair trade”).Decorative: Respond icon. Speech bubble showing response being developed.What do you think was the historical turning point in modern trade relations among countries? Explain.Provide an example of regional trade integration and explain whether you believe it has played an important part in government policy.