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At present, there are six multi-lateral free trade areas in Europe, and one former free trade area in recent history.Note that there are also a number of bilateral free trade agreements between states and between trade blocks; and that some states participate in more than one free trade area.
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.
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland. [4] The organization operates in parallel with the European Union (EU), and all four member states participate in the European single market and are part of the ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
A social and economic history of medieval Europe (Routledge, 2013) Pirenne, Henri. Economic and social history of medieval Europe (1936) online; Postan, Michael. Mediaeval Trade and Finance (2002). Pounds, N.J.G. An economic history of medieval Europe (1974) online; Pounds, Norman John Greville. An historical geography of Europe: 450 B.C.–
The Central European Free Trade Agreement (CEFTA) is a trade agreement between countries in Central Europe and the Balkans, which works as a preparation for full European Union membership. As of 2013 [update] , it has 7 members: North Macedonia , Albania, Bosnia and Herzegovina , Moldova , Montenegro , Serbia and the UNMIK (as Kosovo ).
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.