Search results
Results from the WOW.Com Content Network
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the Republic of India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. [1] and the final agreement was on 13 August 2009. [2]
The Siamese–American Treaty of 1833 called for free trade, except for export of rice and import of munitions of war. The Opium Wars break out between Western nations and China, resulting in the Chinese government being forced to open trade to foreign powers. Britain unilaterally adopted a policy of free trade and abolished the Corn Laws in ...
Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world.
ASEAN–Hong Kong, China Free Trade Area (AHKFTA) ASEAN–India Free Trade Area (AIFTA), in effect as of 1 January 2010 [9] ASEAN–Japan Comprehensive Economic Partnership (AJCEP), in effect as of 1 December 2008 [10] ASEAN–Korea Free Trade Area (AKFTA), in effect as of 1 January 2010 [11]
In general, PTAs do not cover substantially all trade. The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
Free trade areas are set up between countries; for example, the Latin America Free Trade Association (LAFTA) was created in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay; and the North American Free Trade Agreement was established between Mexico, the United States, and Canada. In free trade areas ...
Dominican Republic–Central America Free Trade Agreement [6] [7] Chile: 1 June 6, 2003 January 1, 2004 Chile–United States Free Trade Agreement [8] [9] Colombia: 1 November 20, 2006 May 15, 2012 United States–Colombia Free Trade Agreement [10] [11] Israel Palestine Authority: 2 April 22, 1985 August 19, 1985 Israel–United States Free ...