What does free trade area mean?
Definitions for free trade area
free trade area
This dictionary definitions page includes all the possible meanings, example usage and translations of the word free trade area.
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Wiktionary
free trade areanoun
An international region in which obstacles to unrestricted trade have been reduced to a minimum.
Wikidata
Free trade area
A free-trade area is a trade bloc whose member countries have signed a free-trade agreement, which eliminates tariffs, import quotas, and preferences on most goods and services traded between them. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration. Countries choose this kind of economic integration if their economic structures are complementary. If their economic structures are competitive, it is likely there will be no incentive for a FTA, or only selected areas of goods and services will be covered to fulfill the economic interests between the two signatories of FTA.
Numerology
Chaldean Numerology
The numerical value of free trade area in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of free trade area in Pythagorean Numerology is: 8
Examples of free trade area in a Sentence
Already each of (Africa's) regional economic entities have plans for regional integration. We are integrating stock exchanges from Casablanca to Johannesburg. The walls are coming down faster than people think, by 2018, the African Union expects to conclude the African Free Trade Area.
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"free trade area." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/free+trade+area>.
.png/339px-Economic_integration_stages_(World).png "free trade area")
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