What is a key feature of free trade agreements?

A key feature of free trade agreements is that they allow countries to buy and sell goods and services without barriers. This means that the agreements typically eliminate or reduce tariffs, quotas, and other trade restrictions that can inhibit the flow of trade. The primary goal of such agreements is to facilitate international trade, promote economic cooperation, and enhance the efficiency of resource allocation among the participating countries.

This open trading environment not only encourages competition but also can lead to lower prices and increased availability of goods for consumers. By removing barriers, countries can utilize their comparative advantages, allowing them to specialize in products they can produce more efficiently and import those that other countries produce more efficiently.