free trade
1
a system of international trading in which there are no restrictions or taxes on goods bought or sold
- Many economists argue that free trade agreements promote economic growth by reducing barriers to international commerce.
- The country signed a free trade agreement with its neighboring nations, aiming to boost exports and attract foreign investment.
- Critics of free trade worry that it could lead to job losses in certain industries that struggle to compete with cheaper imports.
- Proponents of free trade emphasize its role in fostering competition and innovation in global markets.
- Negotiations for a new free trade deal between the two countries stalled due to disagreements over agricultural tariffs.