Free Trade Area definition

Free Trade Area means the territories of the State Parties of the African Continental Free Trade Area; (m)“Generally Accepted Accounting Principles (GAAPs)" means a framework of accounting standards, rules and procedures defined by the accounting professional bodies and recognised by States Parties with respect to the recording of revenues, expenses, costs, assets, and liabilities, the disclosure of information, and the preparation of financial statements. Generally Accepted Accounting Principles may encompass broad guidelines for general application, as well as detailed standards, practices, and procedures1; (n) “Goods” means both Materials and Products; (o) “Heading” means the four-digit Headings used in the nomenclature which makes up the Harmonized System (Harmonised System); (p) “Manufacture" means any kind of working or processing including assembly or specific operations; (q) “Material” means any ingredient, raw material, component or part used in the Manufacture of a Product; (r) “Origin Declaration” means an appropriate statement as to the origin of the Goods made, in connection with their exportation by the manufacturer, Producer, supplier, Exporter or any other competent person on the commercial invoice or any other document relating to the Goods; (s) “Producer” includes a mining, manufacturing or agricultural enterprise or any other individual grower or craftsman who supplies Goods for export; (t) “Product” means the output of a manufacturing process, even if it is intended for later use in another manufacturing operation;
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Free Trade Area means the territories of the States Parties of the African Continental Free Trade Area;
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Free Trade Area means the territories of the State Parties of the African Continental Free Trade Area;
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Examples of Free Trade Area in a sentence

  • Article 1.1. Establishment of a Free Trade Area Consistent with Article XXIV of GATT 1994 and Article V of GATS, the Parties hereby establish a free trade area.


More Definitions of Free Trade Area

Free Trade Area. All barriers are removed on trade among members but each nation retains its own barriers on trade with nonmembers. Example: The European Free Trade Area (EFTA) formed in 1960 by Austria, Denmark, Norway, Portugal, the U.K., Sweden, and Switzerland.
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Free Trade Area. A arrangement between a number of countries whereby most tariffs and non-tariff barriers are abolished.
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Free Trade Area. (FTA) means that at least two countries partly or fully eliminate tariff barriers on their internal border. In contrast to PTA, it usually covers a much wider set of product lines and issues including movement of capital, goods and people. In order to prevent neighboring countries from abusing these preferences within the FTA, rules of origins should be observed strictly. Each exporting good originating from the territory of the FTA member country should be certified. Otherwise goods would be imported into the FTA member state with the lowest tariff and afterwards transferred to the country with higher tariffs. NAFTA with its thousand-paged text, which mostly describes rules of origins, is a perfect example.
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Free Trade Area means a common market or a grouping of countries in which allowing for a Passive Sales is mandatory as detailed in Exhibit 1.
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Related to Free Trade Area

  • CONE Area means the areas listed in Tariff, Attachment DD, section 5.10(a)(iv)(A) and any LDAs established as CONE Areas pursuant to Tariff, Attachment DD, section 5.10(a)(iv)(B).

  • Carpet Area means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.

  • Lot area means the total horizontal area within the lot lines of a lot.

  • Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.

  • Blighted area means an area in which a majority of buildings have declined in productivity by reason of obsolescence, depreciation or other causes to an extent they no longer justify fundamental repairs and adequate maintenance.

  • Contributory drainage area means the area from which stormwater runoff drains to a stormwater management measure, not including the area of the stormwater management measure itself.

  • Drainage area means a geographic area within which stormwater, sediments, or dissolved materials drain to a particular receiving waterbody or to a particular point along a receiving waterbody.