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PTA
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A Preferential Trade Agreement is an agreement between countries in the European Union and other countries.The EU has arranged for a Preferential Trade Agreement with a number of countries. This is an agreement in which it is determined that no duties (or lower duties) will be levied on a certain product, when it is imported from a certain country.The EU has trade agreements with:- EVA countries (Iceland, Norway, and Switzerland)- LGO countries (for example, but not limited to; Dutch Antilles, New-Caledonia, French-Polynesia, the Falkland Islands, the Virgin Islands and Greenland)- Countries surrounding the Mediterranean sea (Such as countries in North Africa and the Middle East)- South Africa and Mexico
