The EU is also currently in negotiations with countries in other parts of the world. Through these various trade agreements, the tariffs for a large number of goods are either reduced or abolished.   

There is no single terminology for the EU free trade agreements. Their classification depends on their underlying purpose. As such, the EU has concluded a range of Association Agreements, whose main purpose is development. Such agreements will also contain chapters on cooperation and political dialogue. Other agreements are primarily negotiated for trade reasons and are simply named free trade agreements.   

Read more on the European Commission website