ELI5: Explain Like I'm 5

free trade treaty

A free trade treaty is basically an agreement between two or more countries that makes it easier and less expensive for them to buy and sell products and services with each other. Specifically, it reduces tariffs (taxes) and other bureaucracy that can be expensive and time-consuming for businesses. The treaty also removes restrictions that limit how much a country can buy from or sell to another country. This makes it easier for different countries to do business with each other and helps to grow their economies.
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