Frictionless trade: Difference between revisions
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imported>Doug Williamson (Expand 2nd definition.) |
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== See also == | == See also == | ||
* [[Brexit]] | * [[Brexit]] | ||
* [[Customs union]] | |||
* [[European Union]] | * [[European Union]] | ||
* [[Friction]] | * [[Friction]] | ||
Revision as of 16:58, 16 December 2020
1.
Strictly, frictionless trade is the theoretically complete absence of all costs, delay or restrictions on market activity.
2. International trade - European Union - Brexit.
More loosely, frictionless international trade is generally understood to mean the absence of border checks.
The degree of friction often being crudely measured by the length of time it takes consignments of physical goods to cross the border.
