Study Notes
Free Trade Agreements
- Level:
- AS, A Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 3 Nov 2017
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
You might also like
Protectionism - Barriers to Trade (Quizlet Revision Activity)
Quizzes & Activities
China and the Global Economy: 20 Years on from Accession to the WTO
12th December 2021
WTO appoints Ngozi Okonjo-Iweala as new Director General
15th February 2021
Protectionism (Online Lesson)
Online Lessons
Comparative Advantage (Online Lesson)
Online Lessons
Economic Integration between Countries
Topic Videos
Customs Unions and Single Markets
Study Notes