Free trade agreement

A free trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements - bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions to expand business opportunities. Multilateral trade agreements are agreements among three or more countries and are the most difficult to negotiate and agree.

Free trade agreement

A free trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements - bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions to expand business opportunities. Multilateral trade agreements are agreements among three or more countries and are the most difficult to negotiate and agree.