What is a free trade agreement?

Answers:1   |   LastUpdateAt:2012-08-01 04:10:03  

Asked at 2012-07-29 02:31:02
I tried googling this but all it came up with was "Imports, Exports". I would just like to know what a free trade agreement is, what it does and what are the benefits of it?
Answer1DarreAnswered at 2012-08-01 04:10:03
FTA is a group of countries that have agreed to eliminate tariffs, quotas and preferences on most goods (if not all ) and services traded between them. It can be considered the second stage of economic integration.
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