Free Trade Area of the Asia-Pacific (FTAAP)

The Free Trade Area of the Asia-Pacific (FTAAP) is a proposed economic agreement aimed at reducing trade barriers like tariffs and quotas across countries in the Asia-Pacific region. Its goal is to facilitate smoother, cheaper flow of goods, services, and investments among member economies, boosting economic growth and cooperation. Covering diverse nations, it seeks to create a more integrated market, helping businesses expand and consumers access a broader range of products. Ultimately, FTAAP aims to strengthen economic ties and promote shared prosperity throughout the Asia-Pacific region.