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Essay Details:
Essay text:
Regionalism
The RTA and WTO Relationship
References
I- Types of Regional Trading Arrangements
A- Free Trade Agreement:
The main functions of a free trade agreement are eliminating tariffs on goods, abolishing of trade barriers such as restrictive regulation on trade in services. For the free trade agreement, member countries don’t establish common tariffs of outside signatories, so that each member country establishes certain trade restraints to outsiders independently. Moreover, one of the most important functions of the free trade agreement is establishing a stiff political and cultural relationship among member countries...
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