A group of countries that adopt free trade (zero tariffs and no other restrictions on trade) on trade among themselves, while not necessarily changing the barriers that each member country has on trade with the countries outside the group.
Members fix their own tariffs on trade with the rest of the world but there are no internal tariffs.
A group of two or more countries that agree to remove barriers affecting substantially all trade with each other, while each maintains its own schedule of tariffs and other regulations on imports from non-member countries. Because some goods --such as farm products --may not be traded in significant quantities between partners in an FTA, coverage of " substantially all " of their trade does not necessarily mean trade barriers are eliminated in all sectors. Indeed, agriculture is exempted from coverage in many FTAs.
An arrangement among two or more nations to remove substantially all tariff and non-tariff barriers to trade between them, while each maintains its own schedule of tariffs and other commercial regulations applying to trade of all other nations. GATT Article XXIV provides a framework of rules for the negotiation of free-trade areas such as the Canada-US FTA.
A free trade area is an association of a number of countries between which there is free trade. A free trade area may also be called a common market
A free trade area is a group of countries among which goods pass free of trade barriers but which does not adopt a common external tariff regime. As such, the EC is a customs union, but NAFTA is a free-trade area because the external trade barriers of Canada, Mexico and the US were not harmonized.
an area that has no trade barriers between the countries in the area.
a cooperative arrangement among two or more nations, pursuant to the General Agreement on Tariffs and Trade, whereby trade barriers are removed among the members
a limited form of integration, where the participating nations agree to remove all tariffs and non-tariff barriers among themselves but each member maintains their own set of barriers for others outside of the agreement
an association of trading nations whose members agree to remove all tariffs and nontariffs barriers among themselves
an economic integration arrangement in which barriers to trade (such as tariffs) among member countries are removed
a region in which obstacles to unrestricted trade have been reduced to a minimum
a term used for a group of states that have reduced or eliminated trade barriers between themselves, but who maintain their own individual tariffs as to other states
A group of nations that agrees to eliminate tariff barriers from trade among themselves, but which retains the right of individual nations to set their own tariffs for trade with nonmember nations.
A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them.