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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.

see also trade, international trade, trade bloc, Free Trade Area of the Americas





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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Free trade area".