A pact of trade, formed between two or more countries, allowing them to reduce the tariffs charged on specific goods during trade with each other. Even though the tariffs aren’t completely removed, the amount charged is much lesser than that the amount charged from countries who are not included within the agreement.
What is PREFERENTIAL TRADE AGREEMENT (PTA)?
- TRADE AND INVESTMENT FRAMEWORK AGREEMENT (TIFA)
- GENERAL AGREEMENT ON TARIFF AND TRADE (GATT)
- FREE TRADE AGREEMENT
- RECIPROCAL TRADE AGREEMENT
- NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)
- GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)
- FREE TRADE AGREEMENT OF THE AMERICAS (FTAA)
- MULTI FIBER AGREEMENT (MFA)
- TRADE ACT OF 1974
- TRADE PACT
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