Complex sentence: The Baltic Free Trade Area (BAFTA) was a trade agreement between the newly independent states in the Baltic (Estonia, Lithuania and Latvia), similar to the Central European Free Trade Agreement (CEFTA).
Split into simpler sentences: The Baltic Free Trade Area (BAFTA) was a trade agreement between the newly independent states in the Baltic (Estonia, Lithuania and Latvia). It was similar to the Central European Free Trade Agreement (CEFTA).