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97 definitions of FTA. Meaning of FTA. What does FTA stand for? FTA abbreviation.
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The abbreviation FTA primarily stands for Federal Transit Administration, a United States government agency that oversees the nation's public transportation systems and provides financial assistance for transit projects.
- No tariffs. Agreeing a tariff- and quota-free trade deal had been the primary objective of the negotiations. The FTA achieves this goal, allowing traders to move goods between the UK and EU without paying duties, so long as they comply with ‘Rules of Origin’ included in the deal.
- Rules of Origin. Rules of Origin determine the economic nationality of a good and are often a key component of FTAs signed between countries. Under the agreement, companies will be able to self-certify the origin of their goods and where the processing takes place will also count towards this.
- New customs procedures will apply. New customs and VAT rules will apply for UK and EU trade – including the requirement for companies to complete customs declarations.
- Independent SPS rules. In a chapter on human, animal and plant life and health, the agreement states that the UK and EU may set and implement their own independent sanitary and phytosanitary (SPS) rules and controls.
A trade agreement is a legal document that sets out any rules that cover trade between 2 or more countries. For example, some trade agreements enable countries to accept each other’s imports...
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abbreviation for free trade agreement: an arrangement between countries that allows companies to import and export each other's goods without the usual taxes, limits, etc.: A number of exporters are utilizing the benefits that are available under the FTA.
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