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WTO: Free Trade Area & GATT

Business & EconomicsBy William Anderson (Schoolworkhelper Editorial Team)July 22, 2013Leave a comment

A free trade area eliminates most trade barriers such as tariffs and quotas on the flow of goods and services between its member countries. However, member countries negotiate trade agreements separately with external countries. The 1994 North American Free Trade Agreement between the US, Canada and Mexico formed the largest free trade area at that…

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