Promoting Trade Liberalisation through Free Trade Agreements

International trade has been an important vehicle for promoting economic development and economic integration. International division of labour and exchange of goods and services stimulate manufacturing and service activities among countries involving trade. The expansion of transactions beyond national borders requires the removal of cross-boundary barriers, and accordingly trade is a major area where regional integration takes place as Bela Balassa’s five-stage economic integration model indicates. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.