Loading subject…
Common Market
A trade bloc that includes free trade among members, a common external trade policy, and free movement of goods, services, and people (and often capital) across borders.
Free Trade Area (FTA)
An agreement in which member countries remove trade barriers to goods and services between themselves, while each country remains free to set its own trade policy with non-members.
Preferential Trade Agreement (PTA)
An agreement in which countries reduce trade barriers (often tariffs) on certain goods for each other, giving members more favorable access than non-members.
Trade Agreement
A formal arrangement between countries that sets rules for trade, such as tariffs, quotas, standards, or market access.
Trade Institution
A set of rules, agreements, or organizations that shape how trade is conducted between countries, including how barriers are set or removed and how disputes are managed.