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List of multilateral free trade agreements. A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area. Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
The OED records the use of the phrase "free trade agreement" with reference to the Australian colonies as early as 1877. [9] After the WTO's World Trade Organization - which has been considered by some as a failure for not promoting trade talks, but a success by others for preventing trade wars - states increasingly started exploring options to conclude FTAs.
The economists Harry White (left) and John Maynard Keynes at the Bretton Woods Conference [27]. The WTO precursor General Agreement on Tariffs and Trade (GATT) was established by a multilateral treaty of 23 countries in 1947 after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation—such as the World Bank (founded 1944) and the ...
Free trade agreements or free trade areas are listed as follows: List of multilateral free trade agreements. List of bilateral free trade agreements.
People's Republic of China is negotiating or is planning bilateral agreements with the following countries and blocs: Gulf Cooperation Council (GCC) – China–GCC Free Trade Agreement. Israel – China–Israel Free Trade Agreement. China–Japan–Korea Free Trade Agreement. Norway – China–Norway Free Trade Agreement.
Free trade is a trade policy that does not restrict imports or exports. ... World Trade Organization (2018). "History of the multilateral trading system".
The longest were that of Russia, lasting 19 years and 2 months, [ 5] Vanuatu, lasting 17 years and 1 month, [ 6] and China, lasting 15 years and 5 months. [ 7] As of 2007, WTO member states represented 96.4% of global trade and 96.7% of global GDP. [ 8] Iran, followed by Algeria, are the economies with the largest GDP and trade outside the WTO ...
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move ...