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Free trade
01
a system of international trading in which there are no restrictions or taxes on goods bought or sold
free trade
n
Example
Proponents of free trade emphasize its role in fostering competition and innovation in global markets.
Negotiations for a new free trade deal between the two countries stalled due to disagreements over agricultural tariffs.
Critics of free trade worry that it could lead to job losses in certain industries that struggle to compete with cheaper imports.
The country signed a free trade agreement with its neighboring nations, aiming to boost exports and attract foreign investment.
Many economists argue that free trade agreements promote economic growth by reducing barriers to international commerce.
