A free trade agreement is a treaty between two or more countries to facilitate trade and eliminate trade barriers. It aims at eliminating tariffs completely from day one or over a certain number of years. (Business Development Bank of Canada, 2024. Glossary. Free Trade Agreement (FTA). https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-trade-agreement-fta)
A naturally occurring fiber found in the stem of the abaca plant. A member of the banana family, Musa Textilis. The fiber is also called Manila Hemp, and is used extensively in the manufacture of marine cordage, abrasive backing papers, tea bags, and other products requiring high tensile strength. (FAOTERM)
