What is the free trade area?
Free Trade is a trade between countries that are carried out without protective tariffs, quotas for imports or exports or other types of restrictions. The free trade agreement is an agreement between the countries in which the trade in products and services agrees to pass between them. The free trade area is a region in which the country has concluded an agreement to restrict trade and/or restrictions on the deposit of tariffs and quotas.
North America is one of the largest areas of free trade in the world. It was created by agreement (North American free trade agreement), which was concluded by Canada, the United States and Mexico 1 January 1994. Through diesel, the country of North America agreed to support the trade through their borders. The United States is also a member of the CAFTA-DR free trade area, which includes Central American countries of Costa Rica, Salvador Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. In addition, the US has free trades with Australia, Bahrain, Chile, Israel, Jordan, Morocco, Oman, Peru and SingapureM and the agreements were also signed, but were not implemented by congress, with the countries of Colombia, South Korea and Panama.
Another area of free trade is Asean-China (Association of Southeast Asian Nations). Members include Brunej Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam and the People's Republic. In 1992, Asean became a free trade area. ASEAN-FREE BY A LOOK Trade was established on January 1, 2010. ASEAN-INDIA came into effect on the same day.
The CEFTA free trade area (Central European Agreement on Free Trade) began as members of Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia. CEFTA was extended in 2006 by Albania, Bosnia and Herzegovina, Croatia, Moldova, Montenegro, Serbia, Provisional Mission for Temporary Administration in Kosovo (Unmik) and the former Republic of Yugoslavia Macedonia. Ratification of these additional fromEmi took place in 2007.
African free trade area, Aftz (African free trade zone), also referenced to the name African free trade area , is in the works for eastern and southern African nations. Another area of free trade in Africa includes Sadc (South African Development Community), Comesa (Common Market for Eastern and South Africa), EAC (Eastern African Community) and ECowas (Economic Community of West African States). There is overlapping between these zones.