Free Trade Agreements
A free-trade area is a trade bloc whose member countries have signed a free-trade agreement (FTA), which eliminates tariffs, import quotas, and preferences on most (if not all) 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 economical structures are complementary. If their economical 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.
Other articles related to "free trade agreements, trade agreement, trade, agreement, free trade agreement, free trade, free":
... Over the last several years, Chile has signed free trade agreements (FTA's) with the European Union, South Korea, New Zealand, Singapore, Brunei, China ... It reached a partial trade agreement with India in 2005 and began negotiations for a full-fledged FTA with India in 2006 ... Chile conducted trade negotiations in 2007 with Australia, Malaysia, and Thailand, as well as with China to expand an existing agreement beyond just trade in goods ...
... El Salvador was the first country to ratify the Central America-Dominican Republic Free Trade Agreement ... in the apparel sector, which faced Asian competition with the expiration of the Multi-Fiber Agreement in 2005 ... There are a total of 15 free trade zones in El Salvador ...
... To determine eligibility for a free-trade agreement, importers must obtain product information from all the suppliers within the supply chain ... Each free trade agreement will qualify an importer's products in different ways, however the basis of the qualification surrounds the idea that the finished product must have a minimum percentage of ... Under the North American Free Trade Agreement (NAFTA), qualifying rules include De Minimis, Regional Value Content, and Tariff Shift ...
... The fair trade movement, also known as the trade justice movement, promotes the use of labour, environmental and social standards for the production of commodities, particularly those exported from the Third and ... Such ideas have also sparked a debate on whether trade itself should be codified as a human right ... Importing firms voluntarily adhere to fair trade standards or governments may enforce them through a combination of employment and commercial law ...
... Mexico holds more free trade agreements than any other country in the world ... Ordered by date, the free trade agreements in force are 1994 North American Free Trade Agreement (Canada and the United States). 1995 G-3 Free Trade Agreement with Colombia and Venezuela ...
Famous quotes containing the words agreements, free and/or trade:
“Were it not for the corruption and viciousness of degenerate men, there would be no ... necessity that men should separate from this great and natural community, and by positive agreements combine into smaller and divided associations.”
—John Locke (16321704)
“What blessings thy free bounty gives
Let me not cast away;
For God is paid when man receives,
To enjoy is to obey.”
—Alexander Pope (16881744)
“Though in the trade of war I have slain men,
Yet do I hold it very stuff o the conscience
To do no contrived murder. I lack iniquity
Sometimes to do me service.”
—William Shakespeare (15641616)