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| | Free Trade Agreements and Customs Unions, by Douglas A. Irwin: The Concise Encyclopedia of Economics: Library of ... |
 | | Free trade, usually defined as the absence of tariffs, quotas, or other governmental impediments to international trade, allows each country to specialize in the goods that it can produce cheaply and efficiently relative to other countries. |
| | That is because groups that otherwise would be opposed or indifferent to trade reform might join the campaign for free trade if they see opportunities for exporting to the other countries in the trade agreement. |
| | The United States also has a free trade agreement with Israel and is, together with Canada, negotiating to bring Mexico into a North American Free Trade Agreement (NAFTA), and it has contemplated bilateral or regional trade agreements with other countries in Latin America, Asia, and the Pacific. |
| www.econlib.org /library/Enc/FreeTradeAgreementsandCustomsUnions.html (1782 words) |
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