Creating free trade zones

Implementation

The European Union and 12 southern Mediterranean partner countries are in the process of setting up a Euro-Mediterranean Free Trade Zone (MFTZ), with a target date for completion by the year 2010.

In 2002, agreement was reached on the Association Agreement between the EU and Chile. The Agreement incorporates a Free Trade Area, a political dialogue and extensive co-operation aspects.

Claim

Developing countries can obtain the greatest possible benefit from export processing zones. They can improve international manufacturing and distribution through the use of such zones.