Answer:
Free trade agreement is a treaty between two or more countries to establish a free trade of business, goods and services without any hindrances, tariffs or tax as compared to other common markets.
Explanation:
Free trade agreement is a treaty between two or more countries to establish a free trade of business, goods and services without any hindrances, tariffs or tax as compared to other common markets.
The purpose of free trade is to establish a symbiotic relationship between two or more countries. Removal trade barriers which will further help local markets and industries.
: EFTA: European Free Trade Association consists of Norway, Iceland, Switzerland and Liechtenstein.NAFTA: United States, Mexico and Canada comes to mind as examples of free trade agreement between countries.
Free trade agreement isn't without its disadvantages, which are job loss, economic damage to some countries etc
