Free trade refers to the unrestricted exchange of goods and services between countries. It promotes competition and efficiency. Nations benefit from access to a wider variety of products. Consumers enjoy lower prices and improved quality. However, it can also lead to job losses in certain sectors. Critics argue it may harm local industries. Balancing free trade with protectionism is often debated.
The South Asian Free Trade Area (SAFTA) was established with the aim of promoting regional economic integration and fostering trade cooperation among the South Asian countries. SAFTA serves...
Free trade agreements are agreements between two or more countries to reduce or eliminate trade barriers and promote economic cooperation. They are designed to encourage trade between participating...
The African Continental Free Trade Area (AfCFTA) is a major trade agreement between the 55 countries of the African Union (AU) and eight (8) Regional Economic Communities (RECs)....
The United States-Mexico-Canada Agreement (USMCA) is a new trade deal between the United States, Mexico, and Canada that entered into force on July 1, 2020. The USMCA replaces...
Within Asia, India has signed bilateral FTAs with Sri Lanka (1998), Afghanistan (2003), Thailand (2004), Singapore (2005), Bhutan (2006), Nepal (2009), Korea (2009), Malaysia (2011) and Japan (2011)....
Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to...
The North American Free Trade Agreement (NAFTA) is a regional agreement between the Governments of Canada, United Mexican States and the United States of America to implement a...
The United Kingdom has initiated a 14 week consultation process that involves business representatives among others to discuss about the prospects of having a free trade agreement with...
The African Continental Free Trade Area (ACFTA) is a free trade area including 28 countries. This is the largest free trade area is the largest in the world...
Members of the Asia-Pacific Economic Cooperation (APEC) have affirmed their commitment to opt for the free and open trade and investment on November 16, 2020. The members also...
