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Traditional Free Trade Agreement
The provisions aim to reduce transaction costs by removing administrative barriers to trade. In addition, the opacity of customs clearance and clearance procedures creates greater room for corruption, which also increases costs and reduces the benefits of trade. Regional Trade Agreement (ASA) – The WTO uses the term “regional trade agreement” as a generic for all mutual agreements such as customs unions, free trade agreements and sub-agreements. This can be explained by the fact that these agreements were primarily within the competence of the WTO Committee on Regional Trade Agreements. In reality, these trade agreements do not need to include members from the same region (e.g. B EU-Canada or Peru-South Korea free trade agreements). The free movement of persons becomes an important feature of a U.S.-U.K. ideal. I did it. Free Trade Agreement. .