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Free Trade Agreements
Pacts between countries to reduce trade barriers and encourage importing and exporting goods.
Ratify
To formally approve or confirm an agreement or treaty, making it officially valid.
World Trade Organization
An international body that deals with the rules of trade between nations, aiming to ensure that global trade flows smoothly, predictably, and freely.
Negotiations
The process by which two or more parties come together to discuss and reach a mutually beneficial agreement.
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