FTA-ABS, or Free Trade Agreement-Asia-Pacific Economic Cooperation Business Standards, refers to a framework that promotes trade and economic cooperation among countries in the Asia-Pacific region. It aims to reduce tariffs and other trade barriers, facilitating smoother exchanges of goods and services. This agreement encourages member countries to adopt common business standards, enhancing transparency and efficiency in trade practices. By aligning regulations and standards, FTA-ABS helps businesses navigate international markets more easily, fostering economic growth and collaboration among nations in the Asia-Pacific region.