Economics

Economics

Proposed Free Trade Areas

Free trade areas are the designated areas decided by two or more than two countries. For these areas, countries in agreement sign term under which they eliminate the barriers of tariff on goods. This agreement remains valid among the countries who sign this accord (Cooper, 2012).

United States is engaged in various negotiations of the mutual free trade agreements with many countries. Israel and Canada hold free trade policies with United States since the last decades of 20th century. This old free trade grew to become a big agreement, known as North American Free Trade Agreement (NAFTA).

Free trade agreements ...