free-trade

Definitions

A system of international trade in which goods and services are exchanged without tariffs, quotas, or other government-imposed restrictions.

An economic policy that allows countries to import and export goods across borders with minimal interference from the state.

Examples

The two nations signed a landmark free-trade agreement to eliminate tariffs on imported goods.

Proponents argue that free-trade policies stimulate economic growth by opening up new international markets.

Synonyms

open trade laissez-faire trade unrestricted commerce liberalized trade

Antonyms

protectionism trade barriers economic isolationism restrictive trade policy