In a free trade agreement, countries are free to charge their own tariffs to all entities external to the free trade market.

Question

Quizplus · Accepted Answer

A free trade agreement takes place between two or more countries and it involves a reduction in, or even elimination of, customs duties and other trade barriers on all goods and services traded between the member countries. Countries are free to charge their own tariffs to all entities external to the free trade market.

In a Free Trade Agreement, Countries Are Free to Charge