Deep and Comprehensive Free Trade Areas (DCFTAs)

Deep and Comprehensive Free Trade Areas (DCFTAs) are agreements between countries that aim to reduce barriers to trade, such as tariffs and regulations, across a wide range of sectors. Unlike basic free trade agreements, DCFTAs also address issues like investments, intellectual property, services, competition policies, and regulatory standards. This creates a more integrated economic relationship, promoting closer cooperation and easier market access. Essentially, DCFTAs not only encourage trade but also harmonize rules and practices, fostering stronger economic ties and supporting sustainable development between the involved nations.