Trade agreement that reduces customs duties between states.
The FTA or Free Trade Agreement facilitates international trade by reducing or eliminating customs duties. It directly impacts the costs of international transportation.
Other terms
3PL (Third Party Logistics)
External supplier providing complete logistics services.
Read full description
T
EXW (Ex Works)
Incoterms term by which the buyer picks up the goods from the seller's premises.
Read full description
E
Overhead transport
Transport for cargoes with dimensions or weights above the legal limits.
Read full description
O
