Fiscal consolidation - Is a policy aimed at reducing government deficits and debt accumulation.
Fiscal expansion -
An economic expansion is an increase in the level of economic activity, and of the goods and services available in the market place. It is a period of economic growth as measured by a rise in real GDP. ...
.
What Is a Free Trade Agreement
A free trade agreement is a pact between two countries or areas in which they both agree to lift most or all tariffs, quotas, special fees and taxes, and other barriers to trade between the entities.
.
The purpose of free trade agreements is to allow faster and more business between the two countries/areas, which should benefit both.
.
The theory refers only to aggregate wealth and says nothing about the distribution of wealth. In fact there may be significant losers... The proponent of free trade can, however, retort that the gains of the gainers exceed the losses of the losers."
Comprehensive Economic Cooperation Agreement
The Comprehensive Economic Cooperation Agreement (CECA) is an agreement between two countries to strengthen trade of goods and services
It is like FTA, till yet I haven’t found any technical difference between CECA & FTA. As pert definition it looks same
If any of you know Technical differences between these two please give me buzz
No comments:
Post a Comment