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What is Free trade area? - Economics

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प्रश्न

What is Free trade area?

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उत्तर

  • A free trade area is a 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, e.g. SAFTA, EFTA.
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पाठ 8: International Economic Organisations - Model Questions [पृष्ठ १७४]

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सामाचीर कलवी Economics [English] Class 12 TN Board
पाठ 8 International Economic Organisations
Model Questions | Q 25. | पृष्ठ १७४
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