Trade Liberalization
/ˈtreɪd ˌlɪbəˌrəlaɪˈzeɪʃən/
Definitions
- (n.) The reduction or elimination of government tariffs, quotas, and regulations to encourage freer international trade.
Trade liberalization aims to boost economic growth by removing trade barriers between countries.
Related terms
See also
Commentary
Typically pertains to policies implemented through international agreements, requiring precise drafting to balance liberalization with domestic protections.
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.