Similarities and Differences between NAFTA and EU
The foremost character of the Free Trade Area and EU is the liberalization of the trade ruling for the members. Secondly, the removal of the business barriers that are placed against the members and these are inclusive of the removal of the tariffs, the quotas, and several other non-tariff barriers and finally the elimination of the business barriers by certain given deadlines (Steedman, 1999). The other character is the imposition of a usual tariff to non member countries. This implies that the countries that are members of the custom unification vow to liberalize the trade rules and also come up with a common tariff for the countries that are not members.