Free Trade Agreements (FTA)

A Free Trade Agreement (FTA) is a pact between countries that aims to reduce barriers to trade, such as tariffs and import/export restrictions, making it easier and often cheaper to buy and sell goods and services across borders. By removing these obstacles, FTAs encourage economic cooperation, increase market access for businesses, and promote competition. They can also cover areas like investments, intellectual property, and standards. Essentially, FTAs create a more open trading environment between the involved nations, helping consumers, companies, and economies benefit from increased trade and cooperation.