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FrançaisAn arrangement that establishes unimpeded exchange and flow of goods and services between trading partners, regardless of national borders of member countries. FTAs do not address labour mobility across borders, common currencies, uniform standards and other common policies such as…
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A group of countries that agree to eliminate tariffs and other import restrictions on each other´s goods, while each participating country applies its own independent schedule of tariffs to imports from countries that are not members. An example of free…
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Special commercial and industrial area in or near ports of entry where foreign and domestic merchandise may be brought in without being subject to payment of customs duties. Merchandise including raw materials, components and finished goods, may be stored, sold,…
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A letter of credit that can be presented with conforming documents at any bank.
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