Meaning of “free trade area” in the English Dictionary

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"free trade area" in Business English

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free trade areanoun [ C ]

also free-trade area uk us COMMERCE

a group of countries that have agreed to import and export each other's goods without the usual taxes, limits, etc.:

Negotiations are under way with Mexico to create a free trade area.

(Definition of “free trade area” from the Cambridge Business English Dictionary © Cambridge University Press)