The free Trade area Eliminates tariff and quota barriers among member countries a Each country is free to set its own tariff and quota barriers against nonmember countries Can be formed for certain classes of goods or services onlyThe Free Trade Area ◼ Eliminates tariff and quota barriers among member countries ◼ Each country is free to set its own tariff and quota barriers against nonmember countries ◼ Can be formed for certain classes of goods or services only