Free Trade Agreement - (Understand FTA) [Under 2 Minutes] | Your Online Finance Dictionary

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A free trade agreement, or FTA, is an agreement made between two or more nations to reduce the barriers of trade between them. Under an FTA, goods and services can be imported and exported between countries with little to no prohibitions, quotas, or tariffs. Often an FTA is a formal agreement, but a free-trade policy can also occur from a lack of trade restrictions, such as in the case of “laissez-faire” (pronounced: lay-say fair) trade, which is French for “let go.”
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0:00 Free Trade Agreement (FTA) Definition
0:35 Benefits and History of FTA’s
1:01 FTAs vs Tariffs
1:24 FTA Question & Application
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