Lists Of Free Trade Agreements
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Lists Of Free Trade Agreements
Free trade agreements or free trade areas are listed as follows: * List of multilateral free trade agreements * List of bilateral free trade agreements See also * Customs union * Single market * Economic union * Customs and monetary union * Economic and monetary union An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economi ...
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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 state (polity), states. There are two types of trade agreements: Bilateralism, bilateral and Multilateralism, multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand business opportunities. Multilateral trade agreements are agreements among three or more countries, and are the most difficult to negotiate and agree. FTAs, a form of trade pacts, determine the tariffs and duties that countries impose on imports and exports with the goal of reducing or eliminating trade barriers, thus encouraging international trade. Such agreements usually "center on a chapter providing for preferential tariff treatment", but they also often "include clauses on trade facilitation and rule-making in areas such as investment, intellectual property, government procurement, technical ...
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Free Trade Area
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move between the countries, in addition to a free trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration. Customs unions are a special type of free trade area. All such areas have internal arrangements which parties conclude in order to liberalize and facilitate trade among themselves. The crucial difference between customs unions and free trade areas is their approach to third parties. While a customs union requires all parties to establish and maintain identical external tariffs with regard to trade with non-parties, parties to a free trade area are not subject to this requirem ...
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List Of Multilateral Free Trade Agreements
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area. Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below. World Trade Organization agreements *General Agreement on Tariffs and Trade of 1994 **Agreement on Agriculture **Agreement on the Application of Sanitary and Phytosanitary Measures **Agreement on Technical Barriers to Trade **Agreement on Trade Related Investment Measures **Agreement on Anti-Dumping **Agreement on Customs Valuation **Agreement on Preshipment Inspection **Agreement on Rules of Origin **Agreement on Import Licensing Procedures **Agreement on Subsidies and Countervailing Measures **Agreement on Safeguards **Agreement on Trade Facilitation *General Agreement on Trade in Services *Agreement on Trade-Related Aspects of Intellectual Property Rights * Dispute Settlement Understanding *Tra ...
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List Of Bilateral Free Trade Agreements
A bilateral free trade agreement is between two sides, where each side could be a country (or other customs territory), a trade bloc or an informal group of countries, and creates a free trade area. Note that every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and there are several fully multilateral free trade agreements not included below. Operating agreements List of agreements between two states, two blocs or a bloc and a state. Afghanistan Afghanistan has bilateral agreements with the following countries: * India * Pakistan Armenia Armenia has bilateral agreements with the following countries and blocs: * Commonwealth of Independent States **Belarus **Kazakhstan **Kyrgyzstan **Moldova **Russia **Turkmenistan **Tajikistan **Uzbekistan *Eurasian Economic Union **Eurasian Customs Union members ***Vietnam free trade agreement ***China trade and economic agreement ***Iran free trade ag ...
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Customs Union
A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.GATTArticle 24 s. 8 (a) Customs unions are established through trade pacts where the participant countries set up common external trade policy (in some cases they use different import quotas). Common competition policy is also helpful to avoid ''competition deficiency''. Reasons for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. It is the third stage of economic integration. Every economic union, customs and monetary union and economic and monetary union includes a customs union. WTO definition The General Agreement on Tariffs and Trade, part of the World Trade Organization framework defines a customs union in the following way: Historical background The German Customs Union, the Zollverein, which was established in 1834, a ...
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Single Market
A single market, sometimes called common market or internal market, is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production ( capital and labour) and of enterprise and services. The goal is that the movement of capital, labour, goods, and services between the members is as easy as within them. The physical (borders), technical (standards) and fiscal (taxes) barriers among the member states are removed to the maximum extent possible. These barriers obstruct the freedom of movement of the four factors of production (goods, capital, services, workers). A common market is usually referred to as the first stage towards the creation of a single market. It usually is built upon a free trade area with no tariffs for goods and relatively free movement of capital, workers and services, but not so advanced in reduction of other trade barriers. A unified marke ...
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Economic Union
An economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production ( capital and labour) as well as a common external trade policy. When an economic union involves unifying currency, it becomes an economic and monetary union. The purposes for establishing an economic union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. Economic union is established through trade pact. List of economic unions * CARICOM Single Market and Economy * Central American Common Market - Common market since 1960, customs union since 2004. * Eurasian Economic Union - Customs union since 2010, common market since 2012. * European Union (EU) - Economic union of 27 European states, but only 20 are inside the Eurozone are also part of ...
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Customs And Monetary Union
A customs and monetary union is a type of trade bloc which is composed of a customs union and a currency union. The participant countries have both common external trade policy and share a single currency. Customs and monetary union is established through trade pact. List of customs and monetary unions * Economic and Monetary Union of the European Union (1999/2002) with the Euro for the Eurozone members ** ''de facto'' San Marino – European UnionWithin the EU customs area and has a monetary agreement with the EU. ** ''de facto'' Andorra – European Union ** ''de facto'' Monaco – European Union * ''de facto'' Switzerland–Liechtenstein * ''de facto'' the OECS Eastern Caribbean Currency Union with the East Caribbean dollar in the CSME (2006) * Economic and Monetary Community of Central Africa (CEMAC) * West African Economic and Monetary Union (UEMOA) * ''de facto'' the Common Monetary Area (CMA) in the Southern Africa Customs Union (SACU) Note: Every economic an ...
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