FREE TRADE AGREEMENT Definition

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FREE TRADE AGREEMENT is an agreement between countries that will result, over an agreed period of time, in an elimination of duties for goods flowing between the signatories.

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ACCOUNT CURRENT is a running or continued account between two or more parties, or a statement of the particulars of such an account.

REAL PROPERTY is land and / or any permanent structures attached to it; to include saleable natural resources, e.g., vacant land, buildings, farms, oil, gas, timber, etc.

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