free trade agreement
Definition
Treaty (such as FTAA or NAFTA) between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders, without tariffs or hindrances but (in contrast to a common market) capital or labor may not move freely. Member countries usually impose a uniform tariff (called common external tariff) on trade with non-member countries.
free trade agreement is in the Banking, Commerce & Finance, Economics, Politics, & Society and International Trade & Relations subjects.
free trade agreement appears in the definitions of the following terms: trading bloc, free trade area and Trade and Investment Framework Agreement (TIFA)
free trade agreement appears in the other terms: Free Trade Agreement of the Americas (FTAA), North American Free Trade Agreement (NAFTA)
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