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Free trade is the unrestricted importing and exporting of goods and services between countries. The opposite of free trade is protectionism—a highly-restrictive trade policy intended to eliminate competition from other countries.
Free trade, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). A free-trade policy does not imply, however, that a country abandons all control and taxation of imports and exports.
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, [1] [2] [3] [4] the opposite of free trade.
The meaning of FREE TRADE is trade based on the unrestricted international exchange of goods with tariffs used only as a source of revenue.
A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can...
international buying and selling of goods, without limits on the amount of goods that one country can sell to another, and without special taxes on the goods bought from a foreign country: a free-trade agreement. SMART Vocabulary: related words and phrases.
FREE TRADE definition: 1. international buying and selling of goods, without limits on the amount of goods that one…. Learn more.
A free trade agreement (FTA) is a treaty between two or more countries that reduces or eliminates trade barriers such as tariffs, quotas, and other non-tariff barriers to trade. FTAs aim to increase economic growth and job creation by promoting international trade.
What is free trade? Free trade, in theory, is the ideal situation in which individuals and companies in different countries can buy and sell goods to and from each other without any interference...
Free trade is the idea that things should be able to be traded between countries with as few restrictions or limitations as possible. Pretty much nowhere in the word has 100% free trade; every country has a complex set of taxes on foreign goods (called tariffs), limits on how many goods can be brought in (called quotas) and outright ...