Free Trade Agreements(FTAs): Free Trade Agreements(FTAs) are arrangements between two or more countries or groups of countries that primarily agree to reduce or eliminate customs tariff and non tariff barriers on trade between them. FTAs normally cover trade in goods …
Levels of Economic Integration Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products …