Types of free trade agreements
Photo by Lucas George Wendt on Unsplash
There are four types of free trade agreements (FTAs): first and second generation agreements, Deep and Comprehensive Free Trade Areas, and Economic Partnership Agreements.
First generation agreements
First generation agreements focus on tariff elimination, mostly concluded before the European Commission’s 2006 “Global Europe” Communication:
- Topic: origin of goods: non-preferential, preferential
- Market: Global , EU - European Union