An FTA (Free Trade Agreement) is a formal agreement established between two or more countries with the goal of reducing trade barriers and promoting increased commerce between the participating nations. These agreements aim to facilitate international trade by eliminating or significantly reducing government-imposed tariffs, quotas, subsidies, and other restrictions that hinder the flow of goods and services across borders. By creating a more open and competitive environment, FTAs enable companies to engage in cross-border trade with greater ease, encouraging increased investment, job creation, economic growth, and consumer choice. FTAs serve as frameworks for enhancing cooperation, harmonizing regulations, and fostering mutually beneficial trade relationships between countries, fostering a more interconnected and globalized marketplace.

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