Free trade

From ACT Wiki
Revision as of 21:59, 20 November 2016 by imported>Doug Williamson (Layout.)
Jump to navigationJump to search

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