Free Trade
/ˌfriː ˈtreɪd/
Definitions
- (n.) The international exchange of goods and services between countries without restrictive tariffs, quotas, or prohibitions.
The treaty promotes free trade to boost economic growth among member states.
- (n.) A policy or doctrine advocating the removal of trade barriers to encourage open markets.
Advocates argue that free trade policies lead to increased competition and consumer choice.
Related terms
See also
Commentary
Commonly used in international law and trade agreements; clear definitions of scope and exceptions are crucial in drafting to prevent ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.