free trade
Definition
Interchange of goods and services (but not of capital or labor) unhindered by high tariffs, non-tariff barriers (such as quotas), and onerous or unilateral requirements or processes. Under a GATT (now WTO) treaty signed by 124 nations in 1995, tariffs will be systematically cut by an average of 40 percent during a fixed timeframe.
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free trade is in the Banking, Commerce & Finance, Economics, Politics, & Society and International Trade & Relations subjects.
free trade appears in the definitions of the following terms:
CARIbbean COMmon market (CARICOM),
comparative advantage,
General Agreement on Tariff and Trade (GATT),
trade pact,
free zone,
bilateral clearing agreement,
Coase's theorem,
currency convertibility,
free port,
transit zone
and
free trade appears in these other terms: North American Free Trade Agreement (NAFTA), Free Trade Agreement of the Americas (FTAA), free trade area, free trade agreement, free trade zone (FTZ)
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http://www.businessdictionary.com/definition/free-trade.html