Free trade agreement

a free trade agreement is an international-law contract for the guarantee of the free trade between the contract-closing states (and/or. International law subjects).

With the agreement the free trade becomes secured in the context of the tariff and barrier liberty of the trade between the contracting parties. From several free trade agreements foreign trade zones can develop. Other national interferences such as subsidies as well as in and export prohibitions have to be omitted then.

A goal of the free trade agreement of both contracting parties can it be attained by the free trade of advantages during the distribution of goods and an increase of the foreign trade.

Typical multilateral free trade agreements are the basis for example the NAFTA, the EFTA and the EWR or the Mercosur .

The world trade organization (World Trade Organization) promotes the education of foreign trade zones and the conclusion of free trade agreements.

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