What is a free trade agreement (FTA)?

How do FTAs work? For example, the North American Free Trade Agreement (NAFTA).. What is a Free Trade Agreement (FTA)? A Free Trade Agreement (FTA) is an agreement between two or more countries to reduce or eliminate tariffs, quotas, and other trade barriers, and to promote cooperation on issues such as customs procedures and dispute … Read more

What is a floor clause?

The definition of the floor clauses are the contractual stipulations that are inserted in the contracts of p├ęstamos mortgages for the purpose of limiting the drop in interest rates when they are variable. They have a maximum established in the contract that is usually above 3%. The floor clauses are intended for the borrowing consumer … Read more