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In: Economics

agreements to abolish most barriers to trade among nations are known as: a. free trade agreements...

agreements to abolish most barriers to trade among nations are known as:
a. free trade agreements
b. preferential trade agreements
c. neutral trade agreements
d. retaliatory trade agreements

Solutions

Expert Solution

ANSWER (A)

Definition of free trade agreement is

Agreement between two or more than two realm to set up a free commerce area where marketing can be carried out across their borderline without tarrif , obstructions or most important trade barriers .

FOR EXAMPLE

INDIA have free trade agreement with ASEAN that is association of southeast asian nations so INDIA can trade with ASEAN countries without trade barriers .

Rahul Sunny answered 2 years ago
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