Cordial may refer to: 1  Liqueur, an alcoholic beverage. 2  Squash (drink) , a non-alcoholic fruit drink concentrate. 3  Elderflower cordial, a non-alcoholic beverage.4  Cordial (medicine) , a medicinal beverage.ordial may refer to: 1  Liqueur, an alcoholic beverage. 2  Squash (drink) , a non-alcoholic fruit drink concentrate. 3  Elderflower cordial, a non-alcoholic beverage. 4  Cordial (medicine) , a medicinal beverage.
A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers â import quotas and tariffs â and to increase trade of goods and services with each other.
Loading the player... Free trade is the economic policy of not discriminating against imports from and exports to foreign jurisdictions. Buyers and sellers from separate economies may voluntarily trade without the domestic government applying tariffs, quotas, subsidies or prohibitions on their goods and services.