Free Trade Agreement

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A Free Trade Agreement is a trade agreement that aims at reduced cross-border trade restrictions.



References

2014

2007

  • (Blinder, 2007) ⇒ Alan S. Blinder. (2007). “Free Trade's Great, but Offshoring Rattles Me.” In: The Washington Post, 2007-May-06.
    • QUOTE: I'm a free trader down to my toes. … I have stuck my neck out and predicted that the offshoring of service jobs from rich countries such as the United States to poor countries such as India may pose major problems for tens of millions of American workers over the coming decades. In fact, I think offshoring may be the biggest political issue in economics for a generation.

      When I say this, many of my fellow free-traders react with a mixture of disbelief, pity and hostility. Blinder, have you lost your mind? (Answer: I think not.) Have you forgotten about the basic economic gains from international trade? (Answer: No.) Are you advocating some form of protectionism? (Answer: No !) Aren't you giving aid and comfort to the enemies of free trade? (Answer: No, I'm trying to save free trade from itself.)


2017

  • (Wikipedia, 2017) ⇒ https://en.wikipedia.org/wiki/Free-trade_area Retrieved:2017-1-29.
    • A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriersimport quotas and tariffsand to increase trade of goods and services with each other.

      If people are also free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration.