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TeachMeFinance.com - explain Free trade area Free trade area The term 'Free trade area ' as it applies to the area of agriculture can be defined as ' A group of countries that have removed trade barriers among the members, but each country may maintain its own trade regime with nonmember countries. The best known current example is the North American Free Trade Agreement (NAFTA)'. Previous 5 Terms: Free on board (f.o.b.) free radicals Free rider Free stocks Free Trade Agreement of the Americas (FTAA) Next 5 Terms: Free well freeboard Freedom Of Information Act Freedom of Information Act (FOIA) Freedom Of Information Act (Foia) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.