What is FTA
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FTA stands for Free Trade Agreement. It is a legally binding agreement between two or more countries to reduce or eliminate trade barriers, such as tariffs, quotas, or subsidies, on goods and services traded between them. The purpose of an FTA is to promote economic growth, increase employment opportunities, and enhance consumer choice by expanding trade between countries. FTAs can also include provisions for protecting intellectual property rights, promoting competition, and addressing environmental and labor standards.