Free Trade Area definition

Free Trade Area means the territories of the State 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

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.

Examples of Free Trade Area in a sentence

• The provisions under point 1 and 2 of this Article do not refer to the advantages and privileges which one Contracting Party may grant to investors of Third States by virtue of their membership of a Customs or Economic Union, of a Common Market, of a Free Trade Area, of a multilateral economic Agreement or under agreements signed in order to prevent double taxation or to facilitate cross border trade.

• The provisions under paragraphs 1 and 2 of this Article do not refer to the advantages and privileges which one Contracting Party may grant to investors of Third States by virtue of their membership to a Customs or Economic Union, a Common Market, to a Free Trade Area, to a regional or sub-regional Agreement, to an international multilateral economic Agreement or under Agreements to avoid double taxation or to facilitate cross border trade.

• The undersigned hereby declares that the above details On the basis of control carried out, it is hereby certified that the and statements are correct; that all the goods were information herein is correct and that the goods described comply produced in with the origin requirements specified in the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area.

• The undersigned hereby declares that the above details and On the basis of control carried out, it is hereby certified that the statements are correct; that all the goods were produced in information herein is correct and that the goods described comply with the origin requirements specified in the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area.

• The Parties acknowledge the efforts of the CARIFORUM States to ▇▇▇▇▇▇ regional and sub-regional integration amongst themselves through the Revised Treaty of Chaguaramas establishing the Caribbean Community including the CARICOM Single Market and Economy, the Treaty of Basseterre establishing the Organisation of Eastern Caribbean States and the Agreement establishing a Free Trade Area between the Caribbean Community and the Dominican Republic.

• A Member State which seeks to invoke the provision of paragraph 1 of this Article (hereinafter referred to as the “applicant Member State”), shall notify in writing of such temporary modification or suspension of concessions to the ASEAN Free Trade Area (AFTA) Council at least one hundred and eighty (180) days prior to the date when the temporary modification or suspension of concessions is to take effect.

• In witness Whereof, the undersigned, being duly authorised thereto by their respective Governments, have signed this Agreement on Common Effective Preferential Tariff (CEPT) Scheme for the Free Trade Area (AFTA).

• The provisions under point 1 and 2 of this Article do not refer to the advantages and privileges which one Contracting Party may grant to investors of Third States by virtue of their membership of a Customs or Economic Union, of a Common Market, of a Free Trade Area, of a regional or sub-regional Agreement, of an international multilateral economic Agreement or under Agreements signed in order to prevent double taxation or to facilitate cross border trade.

• The ASEAN Economic Ministers (AEM) shall, for the purposes of this Agreement, establish an ASEAN Free Trade Area (AFTA) Council comprising one (1) ministerial-level nominee from each Member State and the Secretary-General of ASEAN.

• Except as otherwise provided specifically in this Agreement, the provisions of the Agreement on the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Area and its Protocols, the ASEAN Framework Agreement on Services and its Protocols, and the Framework Agreement on the ASEAN Investment Area, including but not limited to the provisions relating to safeguard measures and exceptions, shall not be prejudiced by, and shall apply to, this Agreement.

More Definitions of Free Trade Area

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.

Free Trade Area. A arrangement between a number of countries whereby most tariffs and non-tariff barriers are abolished.

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.

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.