1. Market Access: Lower tariffs and fewer trade barriers make it easier for entrepreneurs to enter foreign markets, thereby expanding their customer base. 2. Cost Efficiency: Reduced tariffs decrease the cost of importing essential materials and exporting products, leading to cost savings. 3. Competitive Advantage: Entrepreneurs can leverage the reduced costs and increased market access to gain a competitive edge over businesses that are confined to domestic markets. 4. Innovation: With easier access to global markets, entrepreneurs are incentivized to innovate, knowing that they can reach a larger audience.