Copyright © Philip M. Parker, INSEAD. Terms of Use.
| Domain | Definition |
Agriculture | A group of countries that have removed trade barriers among the members, but each country may maintain its own trade regime with nonmember countries. The best known current example is the North American Free Trade Agreement (NAFTA). (references) |
Source: compiled by the editor from various references; see credits. | |
(From Wikipedia, the free Encyclopedia)
see also trade, international trade, trade bloc, Free Trade Area of the AmericasA Free Trade Area is a region in which obstacles to unrestricted trade have been reduced to a minimum.
Within an industrialized country there are usually few if any significant barriers to the easy exchange of goods and services between parts of that country. For example, there are usually no trade tariffs or import quotas; there are usually no delays as goods pass from one part of the country to another (other than those that distance imposes); there are usually no differences of taxation and regulation.
Between countries on the other hand many of these barriers to the easy exchange of goods often can and do occur. It is commonplace for there to be import duties of one kind or another (as goods enter a country) and the levels of sales tax and regulation often vary by country.
The aim of a free trade area is to so reduce barriers to easy exchange that trade can grow as a result of specialisation, division of labour, and most importantly via (the theory and practice of) comparative advantage. The theory of comparative advantage argues that in an unrestricted marketplace (in equilibrium) each source of production will tend to specialize in that activity where it has comparative (rather than absolute) advantage. The theory argues that the net result will be an increase of income and ultimately wealth and well-being for everyone in the free trade area.
Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Free trade area."
Crosswords: FREE TRADE AREA |
| Specialty definitions using "FREE TRADE AREA": EFTA-Stockholm 1960, European Free Trade Association ♦ FTA, FTAA ♦ joint institutions. (references) |
| Domain | Title |
Books |
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Source: compiled by the editor from various references; see credits. | |
| Subject | Topic | Quote |
Business | Poland signed an Association Agreement with the EU in November 1991. Provisions of this agreement will eventually create a free trade area with the EU and result in a reduction of tariffs rates for EU products and services. (references) | |
Despite the fact that franchising is a relatively new concept in the Palestinian Area of the West Bank and Gaza (PA), it has become very popular over the last couple of years, especially since the full implementation of the Free Trade Area Agreement (FTAA), fast food franchising offers the best opportunities for foreign franchises. (references) | ||
This followed the increase in competitiveness of U.S. vehicles after the Free Trade Area Agreement (FTAA) signed between Israel and the U.S. was extended to include the PA and became fully implemented in 1998. The FTAA gives American manufacturers certain advantages in the Palestinian market for the sale of parts and accessories not available for parts imported from Europe. (references) | ||
Civil Liberties | Brazil | In April students from the University of Sao Paulo claimed that police had injured about 100 persons while breaking up a demonstration against the Free Trade Area of the Americas. (references) |
Economic History | Mexico | The Mexican Government and many businesses support a Free Trade Area of the Americas. (references) |
Dominican Rep | The Dominican Republic participates actively in negotiations on a Free Trade Area of the Americas. (references) | |
Political Economy | Uruguay | Uruguay vigorously supports the establishment of a Free Trade Area of the Americas. (references) |
EL SALVADOR | The government is an active participant in the Free Trade Area of the Americas process. (references) | |
Colombia | Colombia actively participates in negotiations aimed at creation of the Free Trade Area of the Americas (FTAA). (references) | |
Trade | Switzerland | Switzerland is a member of the European Free Trade Area. (references) |
Zambia | SADC has proposed for free trade area before the year 2004. (references) | |
Sri Lanka | The objective of the organization is to expand into a free trade area. (references) | |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
free trade area of the america | 23 |
a free trade area | 8 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "FREE TRADE AREA"; alternative meanings/domain in parentheses. | ||||||||||
German | Transatlantische Freihandelszone (TAFTA, Transatlantic Free Trade Area), TAFTA (TAFTA, Transatlantic Free Trade Area), Latin American Free Trade Area (Latin American Free Trade Area). (various references) | ||||||||||
Japanese Kanji | 自"貿"地域 (free trade zone), 自"貿"帯域 (free trade zone). (various references) | ||||||||||
Japanese Katakana | じゆうぼうえきたいいき (free trade zone), じゆうぼうえきちいき (free trade zone). (various references) | ||||||||||
Pig Latin | eefray adetray areaay frihandelsområde. (various references) | ||||||||||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-a-a-d-e-e-e-e-f-r-r-r-t" | |
-5 letters: deaerate, defeater, deferrer, deterrer, federate, ferreted, ferreter, raftered, redefeat, refereed, referred, retarder. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
| 1. Crosswords 2. Usage: Commercial 3. Quotations: Non-fiction 4. Expressions: Internet | 5. Translations: Modern 6. Anagrams 7. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
