Customs & Compliance
What is Free Trade Agreement (FTA)?
A pact between countries that lowers or removes tariffs on qualifying goods.
A free-trade agreement (FTA) reduces or eliminates tariffs and trade barriers between member countries for goods that satisfy the agreement's rules of origin. To claim the preferential rate, the importer typically presents a certificate or statement of origin proving the goods qualify. FTAs can dramatically change landed cost.
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