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.
Moreover, the benefits of free trade extend well beyond American households. Free trade helps to spread the value of freedom, reinforce the rule of law, and foster economic development in poor countries. The national debate over trade-related issues too often ignores these important benefits.