Economics

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A free trade area (FTA) is where there are no import tariffs or quotas on products from one country entering another.

Examples of free trade areas include:

EFTA: European Free Trade Association consists of Norway, Iceland, Switzerland and Liechtenstein
NAFTA: United States, Mexico and Canada (being renegotiated)
SAFTA: South Asian Free Trade Area comprising Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka
Pacific Alliance: Chile, Colombia, Mexico and Peru
There are many bi-lateral free trade agreements signed between two countries or between two regional trading blocs e.g. the recently-signed Australia - China Free Trade Agreement

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Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085