Free Trade Agreements

Free Trade Agreements (FTAs) are contracts between countries that reduce or eliminate barriers to trade, such as tariffs and import quotas. The goal is to promote trade by making it easier and cheaper for businesses to sell their goods and services across borders. By agreeing to these terms, countries aim to boost their economies, increase competition, and offer consumers more choices. FTAs can vary in scope and may include provisions on intellectual property, labor standards, and environmental protection, creating a framework for cooperation and mutual benefit in international trade.