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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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