Essay on What Is A Free Trade Agreement?

1180 Words Nov 28th, 2016 5 Pages
Colombia and United States have a long relation since Colombia declared its independence in 1810. United States establish diplomatic relations with Colombia in 1822. Colombia and United States have worked together to fight the Revolutionary Armed Forces of Colombia (FARC), Illegal drug trafficking groups, and Marxist guerrilla groups. (Bureau of Western Hemisphere Affairs, 2016) Even, Colombia helped the United States with the Korean war and now with the war with Afghanistan. (Embassy of Colombia) Since they both had worked together with all the wars, Colombia was trying to get the Free Trade Agreement with United States so this would help the county on getting more trade, environmental protection, asset sharing, chemical control, ship-boarding, renewable and clean energy, science and technology, and civil aviation. (Bureau of Western Hemisphere Affairs, 2016) What is a Free Trade Agreement? Free trade agreement is a treaty between two or more countries and this helps them to abolish tariffs “This helps to establish a free trade area where the commerce in goods and services can be conducted across their common borders without tariffs" (www.businessdictionary.com) This help to eliminate the low tariff on some goods. Then this help to get the other good low its prices on the tariff till by the end the rest of the goods kept lowering its tariffs. The tariffs will keep lowering till all the good goods won’t have any tariff at all. But this may have an effect in both…

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