Free trade agreements (FTAs) are like deals between countries to make trading easier. They cut down on barriers like taxes and quotas, letting goods and services move more freely across borders. But it's not all simple. These agreements can have big impacts on how businesses enter new markets. They can open doors but also come with their own set of challenges. Let's break down what FTAs mean for companies looking to expand internationally.
 
Key Takeaways
 
FTAs reduce trade barriers, making it easier for countries to exchange goods and services.
While they promote free trade, FTAs still involve regulations that businesses must navigate.
FTAs can provide strategic advantages for businesses entering new markets by offering easier access.
 
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