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Free Trade Agreements
International pacts between two or more countries to reduce barriers to imports and exports among them, promoting trade.
NAFTA
The North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico, aimed at eliminating trade barriers and promoting economic integration among these countries.
WTO
The World Trade Organization, an international body that regulates trade agreements and assists in resolving trade disputes among countries.
Offshore Purchases
Buying goods or services from suppliers located in another country, typically for cost savings.
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