Free trade: Difference between revisions
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''International trade'' | ''International trade''. | ||
Free trade is international trade undertaken without constraints from import quotas, protective tariffs, export subsidies or other restrictive practices. | Free trade is international trade undertaken without constraints from import quotas, protective tariffs, export subsidies or other restrictive practices. | ||
Revision as of 21:35, 18 May 2020
International trade.
Free trade is international trade undertaken without constraints from import quotas, protective tariffs, export subsidies or other restrictive practices.
In practice relatively free trade between countries, or within a region, is normally only established following lengthy negotiations and the establishment of an effective free trade agreement.
An example is the European Economic Area (EEA) agreement.
