What Are the Benefits of Free Trade Agreements (FTAs) for Entrepreneurs?
Free Trade Agreements (FTAs) are treaties between two or more countries to reduce or eliminate trade barriers. For entrepreneurs, FTAs can:
- Lower Costs: By reducing tariffs and other barriers, FTAs can lower the cost of goods and services. - Expand Markets: FTAs open up new markets, providing more opportunities for business growth. - Enhance Competitiveness: Access to new markets can make businesses more competitive globally.