Common methods of reducing trade barriers include:

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All three methods, Free Trade Agreement, Customs Union, and Free Trade Zone, are commonly used to reduce trade barriers. A Free Trade Agreement eliminates tariffs and other trade barriers between the participating countries. A Customs Union goes further by not only eliminating tariffs but also establishing a common trade policy with countries outside the union. A Free Trade Zone is a designated area where goods can be imported, exported, and stored without being subject to certain trade barriers such as tariffs and quotas. By using all three methods, trade barriers can be significantly reduced, resulting in increased trade and economic growth.

Common Methods of Reducing Trade Barriers Include