Encyclopedia > Free trade area

Article Content

Free trade area

A free trade area is a group of countries that have agreed to eliminate tariffs, quotas and preferences on most goods between them. Unlike a customs union, members of a free trade area do not have the same policies with respect to non-members. Free trade areas include NAFTA and EFTA.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Quackery

... a variety of reasons: The placebo effect. Medicines or treatments, known to have no effect on a disease, can have major effects on a person's perception of their ...