Baltic Free Trade Area

Baltic Free Trade Area in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of Baltic Free Trade Area: A prospective free trade area linking Estonia, Latvia, and Lithuania. Objectives include elimination of customs duties and quotas on intra-regional trade; a moratorium on introduction of new export restrictions; and cessation of state aid or other actions that distort competition among enterprises in the Baltic republics. The agreement to establish the Ff A was signed by prime ministers in September 1993; ratification is pending.