English - Turkish
Definition of free trade area in English Turkish dictionary
- serbest ticaret bölgesi
- free area
- serbest bölge
Related Terms
English - English
Definition of free trade area in English English dictionary
- An international region in which obstacles to unrestricted trade have been reduced to a minimum
- A free trade area is a cooperative arrangement among two or more nations, pursuant to the General Agreement on Tariffs and Trade, whereby trade barriers are removed among the members The arrangement generally includes a customs union with a common external tariff, although there are exceptions in which members maintain individually separate tariff schedules for external countries Extensive economic analysis of WTO, NAFTA, and FTAA is available
- an area in which trade is tariff-free, although member countries are able to impose separate trade barriers on outside countries
- A group of states that have reduced or eliminated trade barriers between themselves, but who maintain their own individual tariffs as to other states
- A designated trade area where tariffs on imported goods are reduced or eliminated for certain countries
- Two or more countries that have eliminated tariff and most non-tariff barriers affecting trade among them, while each participating country applies its own independent schedule of tariffs to imports from non-member countries An example is the European Free Trade Association (EFTA) Free trade areas are governed by GATT Foreign trade zones or FTZs are the U S form of free trade areas Free trade zones (sometimes called "customs free" or "duty free" zones) is a generic term referring to special commercial and industrial areas where special customs procedures allow importation of foreign merchandise without the requirement that duties be paid immediately
- Area established by agreement among two or more nations within which participants agree to free trade of goods and services among themselves
- A free trade area is a group of countries among which goods pass free of trade barriers but which does not adopt a common external tariff regime As such, the EC is a customs union, but NAFTA is a free-trade area because the external trade barriers of Canada, Mexico and the US were not harmonized
- A form of regional economic integration where internal tariffs are abolished but where countries set there own external tariffs
- Regional trading bloc that encourages trade by eliminating trade barriers among its members
- fta
- free trade areas
- plural form of free trade area
Related Terms
free trade area
Hyphenation
free trade ar·e·aTurkish pronunciation
fri treyd eriıPronunciation
/ˈfrē ˈtrād ˈerēə/ /ˈfriː ˈtreɪd ˈɛriːə/
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