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Free Trade Agreement (FTA) | Definition, Importance, Pros, Cons
A free trade agreement, or FTA, is an agreement made between two or more nations to reduce the barriers of trade between them. Under an FTA, goods and services can be imported and exported between countries with little to no prohibitions, quotas, or tariffs. Often an FTA is a formal agreement, but a free-trade policy can also occur from a lack ...
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