FTA meaning in Business ?

Answer: What is Free Trade Area mean?

A free-trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration.

It is important to note the difference between customs unions and free-trade areas. Both types of trading blocs are related to internal arrangements which parties conclude in order to liberalize and facilitate trade among themselves. The crucial difference between customs unions and free-trade areas is their approach to third parties. While a customs union requires all parties to establish and maintain identical external tariffs with regard to trade with non-parties, parties to a free-trade area are not subject to such requirement. Instead, they may establish and maintain whatever tariff regime applying to imports from non-parties as deemed necessary. In a free-trade area without harmonized external tariffs, to eliminate the risk of trade deflection, parties will adopt a system of preferential rules of origin.

Regarding the term free-trade area, it is originally meant by the General Agreement on Tariffs and Trade (GATT 1994) to include only trade in goods. An agreement with a similar purpose, i.e., to enhance liberalization of trade in services, is named under Article V of the General Agreement on Trade in Service (GATS) as an "economic integration agreement". However, in practice, the term is now widely used to refer to agreements covering not only goods but also services and even investment d.

reference

Full Form	Category
Future Teachers of America	Academic & Science
Future Teachers Association	Academic & Science
Federal Tuition Assistance	Academic & Science
Fluorescent treponema antibody	Academic & Science
Free Technology Academy	Academic & Science
Federation of Tax Advisors	Accounts and Finance
Futuna Island	Airport Code
Flinders Technical Associates	Business
Freignt Transport Association, UK	Business
Foreign Trade Association	Business
For The Attention	Business
Fail To Address	Business
Free Trade Agreement	Business
Financial And Technical Assistance	Business
Free Trade Area	Business
Federal Tax Administration	Business
Flexographic Technical Association	Community
Finest Training Available	Community
From The Album	Community
Free-To-Air Television	Community
From The Article	Community
Free Tools Association	Community
Freight Transport Association	Community
Florida Trail Association	Community
Finance Treasury Association	Community
Finance and Treasury Association	Community
Federal Transit Administration	Community
Federation of Tax Administrators	Community
Forest Trees and Agroforestry	Community
Fresno Teachers Association	Community
Faith Travel Association	Community
Fan Tray Assembly	Computing
Functional Tolerancing and Annotation	Computing
Full Test Approval	Electronics
Fault Tree Analysis	Electronics
Funkier Than All	General
First trouble area	General
Focus Thine Anarchy	General
Fundamental Technical Analysis	General
Flight Training Adelaide	General
Federal Transit Act	General
Fuel Tax Act	General
Fleet Transport Awards	General
Firebird Trans Am	General
Flint Truck Assembly	General
Finnish Transport Agency	General
Florida Trucking Association	General
Food Truck Association	General
Federation Tunisienne de l'Automobile	General
F Them All	General
Fundamental Teaching Activities	General
Forests Trees and Agroforestry	General
Full Type Approval	General
FIRST Technical Advisor	General
Filippo Taidelli Architetto	General
F*** The Aussies	General
Fun Time Activated	General
Fair Teacher Act	Governmental
Fire Traffic Area	Governmental
Failure To Appear Bench Warrant	Governmental
Failure to Appear	Governmental
Free To Air	Governmental
Federal Transport Authority	Governmental
Fixed Term Appointment	Governmental
Federal Transportation Agency	Governmental
Federation of Tax Advisers	Income Tax
Forum On Tax Administration	Income Tax
Full Time Artist	Jobs
Filtering Transformation and Aggregation	Maths
Fundamental Theorem of Algebra	Maths
Fluorescent Treponemal Antibody	Medical
First Time At ....	Messaging
Future Terrorists of America	Military and Defence
Feed Tray Assembly	Military and Defence
Field Training Activity	Military and Defence
Foam Test Apparatus	Military and Defence
Fun, Travel, and Adventure	Military and Defence
File Transfer Agent	Networking
Futuna Island, Vanuatu	Regional
Fast Technology for Analysis	Softwares
Fatigue Test Article	Space Science
Flight Test Article	Space Science
Free Throws Attempted	Sports
Fault Trace Archive	Sports
Financie Le Termijnmarkt Amsterdam (financial Futures Market Amsterdam)	Stock Exchange