Regional trade agreement

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A regional trade agreement is an economic trade agreement to reduce tariffs and restrictions on trade between two or more nations within a certain region. In today's economy, trade in service is just as important as trade in goods. Trade agreements, therefore, need to include answers questions such as when and why people will be permitted to work across international borders, what qualifications they will need, what standards will be appled to their work, and how people's ideas will be protected.