Want to Become an Expert in Free Trade Agreements? #34
Free Trade Agreements (FTAs) are treaties between two or more countries that dictate the tariffs, taxes and duties imposed on imports and exports, and the regulations that are applied on quality, safety and other relevant matters.
Not all Trade Agreements are free – and even in a Free Trade Agreement, it’s not necessarily the case that all imports and exports are zero-rated. Nevertheless, the term is invariably used – and the “free” is just one of the many wrong assumptions and misunderstandings that many people (including many politicians) have.
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