Free trade agreements reduce barriers to trade between two or more countries by reducing or eliminating tariffs and import quotas. Members of these agreements are still able to negotiate separate trade agreements with other countries. These agreements are authorized by WTO rules, although they give preferential access to partner countries and not to all WTO members. The UK wants a free trade agreement with the EU, based on the precedents of previous EU free trade agreements with Canada, Japan and South Korea. The UK is also working to extend the free trade agreements it currently enjoys through EU membership, which will end at the end of the transition period, and to conclude new agreements with countries such as the United States, Australia and New Zealand. If there is free trade and tariffs and quotas are abolished, monopolies will also be abolished because more players will be able to enter the market and join the market. The main conditions of free trade agreements and free trade zones are: a free trade agreement focuses primarily on economic benefits and the promotion of trade between countries by making it more efficient and profitable. As a general rule, agreements remove tariffs on goods, simplify customs procedures, remove unjustified restrictions on what may or may not be exchanged, and make it easier for businessmen to travel or live in each other`s country. But free trade agreements can also have political, strategic or aid benefits.

New Zealand is working to introduce mechanisms to improve communication and consultation in order to resolve access to trade issues in an objective and scientific manner, which will enable us to take the necessary measures to protect the lives or health of our human beings, animals and plants, provided that such measures do not conflict with the WTO agreement on the application of health and plant health measures. First, the parties that signed a free trade area applicable to trade with non-parties to that free trade area at the time of the creation of that free trade area must not be higher or more restrictive than tariffs and other rules applicable in the same signatory countries prior to the creation of the free trade area. In other words, the creation of a free trade area to give preferential treatment to their members is legitimate under WTO law, but parties to a free trade area are not allowed to treat non-parties less favourably than before the creation of the territory. A second requirement under Article XXIV is that tariffs and other trade barriers must be eliminated primarily for all trade within the free trade area. [10] Despite all the advantages of a free trade area, there are also some drawbacks, including: the market access card was developed by the International Trade Centre (ITC) to facilitate market access companies, governments and researchers. The database, which is visible through the market access map online tool, contains information on tariff and non-tariff barriers in all active trade agreements that are not limited to those that are officially notified to the WTO. It also documents data on non-preferential trade agreements (for example. B generalized preference regimes).