simple free-trade area

economics

Learn about this topic in these articles:

types of economic integration

  • In economic integration: Simple free-trade area

    The most basic type of economic integration is a simple free-trade area. In this form, attention is focused almost exclusively on a reduction of the tariffs and quotas that restrict trade. Emphasis is placed almost entirely on increasing the exchange of goods.…

    Read More
Britannica Chatbot logo

Britannica Chatbot

Chatbot answers are created from Britannica articles using AI. This is a beta feature. AI answers may contain errors. Please verify important information in Britannica articles. About Britannica AI.