FTA

FTA, or Free Trade Agreement, is a deal between countries that reduces or eliminates barriers like tariffs and import taxes on goods and services traded between them. This facilitates easier and more cost-effective exchange, encouraging economic growth and cooperation. FTAs often include rules to ensure fair competition and may cover things like intellectual property and investment protections. Essentially, they create a more seamless trading relationship by removing many restrictions, helping businesses expand and consumers access a wider variety of products at competitive prices.