AP US History

These are treaties between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders, without tariffs or hindrances.

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Related terms

Tariffs : These are taxes imposed on imported goods and services, used by governments to generate revenue or protect domestic industries from competition.

Trade Barriers : These are measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.

Economic Integration : This is an arrangement between different regions that often includes the reduction or elimination of trade barriers, and the coordination of monetary and fiscal policies.

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