Free Trade Agreement
Title: Free Trade Agreement
Category: /Business & Economy
Details: Words: 2822 | Pages: 10 (approximately 235 words/page)
Free Trade Agreement
Category: /Business & Economy
Details: Words: 2822 | Pages: 10 (approximately 235 words/page)
Introduction
One of the very first concerns of the recent international business participants has been stressed in the context of Free Trade Agreement (FTA) since more and more countries pursue it in the regional or multilateral trade initiatives with large benefits derived from it.
Free trade is a trade between nations where the government exerts minimal influence on the exporting and importing decisions or a firm or individual (Mahoney, Trigg, Griffin and Pustay, 2001, p. 244). Free
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Chinese service providers in New Zealand market.
In conclusion, an FTA is still an ongoing negotiation process under which each party should make "concessions" in opening up their markets. In a good FTA, benefits, especially long-term benefits, will come into being only if two parties mate together to improve trade and investment flows and further integrate their economies over time. The ongoing progress made over the last 20 years in the ANZCER is a pertinent demonstration.