Topic > Free Trade Agreement Case Study - 1374

Meanwhile, for both the importer and the exporter, free trade agreements can help simplify customs formalities. When there is an unfair agreement between protocol partners, the FTA can help the merchant address the remedy. Furthermore, only goods originating from FTA members are eligible for the benefits. First, the FTA accelerates the development of world trade by decreasing the costs of trade and circulation, promoting liberalization and facilitation, and giving momentum to the new FTA. Second, the FTA accelerates international investment and optimizes the industrial structure and resource allocation effect