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Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold ...
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.
The OED records the use of the phrase "free trade agreement" with reference to the Australian colonies as early as 1877. [9] After the WTO's World Trade Organization - which has been considered by some as a failure for not promoting trade talks, but a success by others for preventing trade wars - states increasingly started exploring options to conclude FTAs.
Free-trade area – Regional trade agreement; Gravity model of trade – Bilateral trade flow model; Import – Good brought into a jurisdiction; Interdependence – Interdisciplinary study of systems; International business – Trade of goods, services, technology, capital's and/or knowledge at a transnational scale
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
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Free trade – Absence of government restriction on international trade; Free-trade area – a region encompassing a trade bloc whose member countries have signed a free trade agreement. Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and ...
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