Wiktionary
alt. An international region in which obstacles to unrestricted trade have been reduced to a minimum. n. An international region in which obstacles to unrestricted trade have been reduced to a minimum.
Wikipedia
A free-trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers import quotas and tariffs and to increase trade of goods and services with each other. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration.
Usage examples of "free trade area".
We committed ourselves to establishing a free trade area of the Americas by 2005, and left feeling that we were going into the future together, a future where, in the words of the great Chilean poet Pablo Neruda, “.