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A<b>free trade area</b> is a group of countries that have agreed to eliminate tariffs, quotas and preferences on most goods between them. Unlike a [[customs union]], members of a free trade area do not have the same policies with respect to non-members. Free trade areas include [[NAFTA]] and [[EFTA]]. ''see also [[trade]], [[international trade]], [[trade blocks]], [[Free Trade Area of the Americas]]'' |
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Free trade areas include [[NAFTA]] and [[EFTA]]. |
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''see also [[trade]], [[international trade]], [[trade blocks]], [[Free Trade Area of the Americas]]'' |
A <b>free trade area</b> is a group of countries that have agreed to eliminate tariffs, quotas and preferences on most goods between them. Unlike a customs union, members of a free trade area do not have the same policies with respect to non-members. Free trade areas include NAFTA and EFTA. see also trade, international trade, trade blocks, Free Trade Area of the Americas