Free Trade Area
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A Free Trade Area is a Trade Bloc that ...
- See: Economic Integration, Trade Bloc, Free Trade, Import Quota, Tariff, Good (Economics), Open Border.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/free_trade_area Retrieved:2015-5-31.
- 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 barriers—import quotas and tariffs— and to increase trade of goods and services with each other.
If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration.
- 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 barriers—import quotas and tariffs— and to increase trade of goods and services with each other.