Free trade: Difference between revisions
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Revision as of 10:30, 22 February 2018
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.
