Free trade area
From Freepedia
| Trade Series |
|---|
| International trade |
| History of international trade |
| Trade bloc |
| Free trade area |
| Customs union |
| Common market |
| Economic and monetary union |
| Trade creation |
| Trade diversion |
A free trade area is a designate 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.
It is the second stage of economic integration.
Free Trade Areas
- ASEAN Free Trade Area
- North American Free Trade Agreement
- European Free Trade Association
- South American Community of Nations
- Free Trade Area of the Americas
