What Is a Free Trade Agreement (FTA)?A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange. The concept of free trade is the opposite of trade protectionism or economic isolationism. 0 seconds of 1 minute, 25 secondsVolume 75% 1:25Free Tra...