Respuesta :
In addition to lowering and removing tariffs, free trade agreements also assist in addressing hidden trade barriers that would otherwise obstruct the flow of goods and services, promote investment, and enhance the regulations governing matters like intellectual property, e-commerce, and public procurement.
What is Free Trade?
Import and export restrictions are not present in a free trade system. It can also be seen as the free market concept implemented in global trade. A free trade agreement is an agreement between two or more countries to lower import and export restrictions. Under a free trade policy, there are little to no government tariffs, quotas, subsidies, or prohibitions that prevent the exchange of products and services across international borders. In a free trade area (FTA), goods from one country can enter another without being subject to import duties or quotas. Free trade areas include, for instance: Norway, Iceland, Switzerland, and Liechtenstein make up the EFTA (European Free Trade Association). NAFTA: North American Free Trade Agreement (being renegotiated)
Hence, In addition to lowering and removing tariffs, free trade agreements also assist in addressing hidden trade barriers that would otherwise obstruct the flow of goods and services, promote investment, and enhance the regulations governing matters like intellectual property, e-commerce, and public procurement.
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