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Multilateral Free Trade Agreement
An agreement between three or more countries to reduce trade barriers and tariffs to encourage trade and economic cooperation among them.
Tariffs
Taxes imposed on imported goods, typically to protect domestic industries or to raise government revenue.
Trade Barriers
Measures implemented by countries to restrict or control the flow of goods and services across its borders.
Central American Free Trade Agreement
A trade agreement aimed at reducing tariffs and trade barriers among the United States and Central American nations.
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