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English definition of “free trade”

free trade

noun [U]
 
 
ECONOMICS
international trade in which companies can import and export each other's goods without the usual taxes, limits, etc.: Business groups and advocates of free trade have pushed for even more cooperation among the three nations.free trade agreement/treaty/policy If accepted, the new free trade agreement would build on existing arrangements in South America.
(Definition of free trade from the Cambridge Business English Dictionary © Cambridge University Press)
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