Free Trade Agreements (FTAs)

Free Trade Agreements (FTAs) are treaties between countries that reduce or eliminate barriers to trade, such as tariffs and import quotas. The goal of FTAs is to promote trade and economic cooperation by making it easier and cheaper for countries to sell goods and services to each other. By fostering a more open market, FTAs can lead to increased economic growth, lower prices for consumers, and a greater variety of products. However, they can also raise concerns about job losses in certain industries and the impact on local economies and regulations.