Free trade agreement,
Definition of Free trade agreement:
Treaty (such as FTAA or NAFTA) between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders, without tariffs or hindrances but (in contrast to a common market) capital or labor may not move freely. Member countries usually impose a uniform tariff (called common external tariff) on trade with non-member countries.
A treaty between two or more countries, establishing a free trade area; abbreviated FTA.
How to use Free trade agreement in a sentence?
- When there is a free trade agreement it makes it a lot easier for countries to deal with each other and work out good deals.
- I was glad the two countries had entered a free trade agreement because I would be visiting both countries and wanted each country to be on good terms.
- It can be tough for two companies to be happy with the outcome of a deal but when they are working in a free trade agreement it is easier.
Meaning of Free trade agreement & Free trade agreement Definition