free trade
uk flag
/fɹˈiː tɹˈeɪd/
British pronunciation
/fɹˈiː tɹˈeɪd/

Definition & Meaning of "free trade"

Free trade
01

a system of international trading in which there are no restrictions or taxes on goods bought or sold

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Example
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Many economists argue that free trade agreements promote economic growth by reducing barriers to international commerce.
The country signed a free trade agreement with its neighboring nations, aiming to boost exports and attract foreign investment.
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