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Free Trade Agreement – an agreement between two or more countries with the aim of liberalising the trade of goods and services and access to investment between those countries. An FTA does this by removing barriers to trade, such as eliminating most (if not all) tariffs and removing quotas on goods that can be exported or imported.

FTAs currently pursued with selected countries are not confined to liberalisation and market opening measures alone. They are comprehensive and include investment, trade facilitation, intellectual property rights (IPR) as well as economic cooperation in areas such as:​

competition policy;

standards and conformity assessment;

information and communication technology;

science and technology;

education and training;

research and development;

financial cooperation;

Small and Medium Enterprises (SMEs) development; and

paperless trading.