free trade area

  

Definition

Geographical area formed by the national boundaries of two or more countries belonging to a free trade agreement.

Use free trade area in a sentence

  • It was a free trade area and that meant that the two countries were free to trade with each other and make deals.

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  • Some of the shipping concerns the company had, regarding their new factory installation, had vanished, since the area of their new instillation was now part of a recently established free trade area.

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  • You should try to have a good understanding of how to best utilize the free trade area before you get started.

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