Thank you for the opportunity to help you with your question!
Yes governments should consider human rights when granting preferential trading rights to countries.
Human rights should be part of the deal with world trade, to ensure there is no exploration of a given group of people especially those whose economies may be compromised by a number a factors. New countries will be recruited into business ventures which they would otherwise not have done. This will also mean a consideration to improving quality of living in a fair and worthy way. Trading that puts in consideration to human rights is also a big market influencer especially if products are branded accordingly.
However this would also impose some sort of tariff and this lowers the income of any producer forced to lower their prices to get past that hurdle. It does nothing to raise prices within the importing country as long as there are competing countries with no tariff to pay. The quality of products may also be low because of differentiated products.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Hello Lijian. Incase of any question on this feel free to ask
The key thing on preferential trading agreement is the choice of countries in a given trading block. Usually the trading blocks involve countries of a given geographical area which mostly share general and common cultures or values. However there may be some big variations on some moral issues and therefore human right consideration should be a factor. Such would help to reduce illegal businesses like human trafficking.
On the other hand of quality of products produced and traded may be low because of differentiated standards. Countries which may be offensive to human rights but produce high quality products will be cut out and this will mean trading poorly.
Content will be erased after question is completed.