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What is Free Trade Agreement

Impact of Global Issues on International Trade
Level of integration where countries agree to eliminate tariffs and other restrictive regulations to products originated from their territories.
Published in Chapter:
Pacific Alliance Facing Crises: A Trade Perspective (1990-2020)
Jahir Lombana (Universidad del Norte, Colombia), Lorena A. Palacios-Chacón (Insituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico), Nestor U. Salcedo (ESAN Graduate School of Business, Peru), and Adriana Cabello-Cerna (Universidad de Chile, Chile)
Copyright: © 2021 |Pages: 29
DOI: 10.4018/978-1-7998-8314-2.ch003
Abstract
The Pacific Alliance (PA) is an integration process that projects the commercial exchange of value-added products for its members. However, the external and internal crises have made the PA a volatile region in social and economic terms. This chapter analyzes the economic and trade policy trends in PA countries since 1990 and how they faced the different world and regional economic crises. From the particular analysis of the countries, there are similarities and differences in trade trends and the way to control crises. This chapter provides a general framework to review more specific approaches by sectors, industries, and companies.
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India-Africa Trade and Investment Cooperation for Economic Development
A pact between two or more nations to reduce barriers to imports and exports among them.
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India's Export Competitiveness With BIMSTEC Countries
A pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
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Strategic Partnership of Bangladesh With Australia to Protect From Possible Debt Trap and Diseconomies of Scale of One-Belt One-Road: Lessons for SAARC Nations
A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
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Integration and Foreign Investment in Latin America
Treaty between two or more countries to establish a free trade area where commerce in goods and services takes place across their common borders.
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