Asian free-trade area

Asian free-trade area

A free-trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers—import quotas and tariffs— and to increase trade of goods and services with each other. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration.

https://en.wikipedia.org/wiki/Free_trade_area
http://www.chinadaily.com.cn/china/2012-11/20/content_15942795.htm http://www.theguardian.com/world/2014/nov/11/apec-summit-beijing-roadmap-asia-pacific-free-trade-area