Free trade

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.

See also

• European Economic Area
• European Free Trade Association
• Free trade agreement
• Free trade area
• International trade
• North American Free Trade Agreement
• Protectionism
• Tariff
• Trade
• World Trade Organization