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Free trade

Free trade Definition

Free trade is an economic concept referring to the selling of products between countries without tariffs or other trade barriers. Free trade is the absence of artificial (government-imposed) barriers to trade among individuals and firms in different nations. International trade is often constricted by different national taxes, other fees imposed on exported and imported goods, as well as non-tariff regulations on imported goods; theoretically, free trade is against all these restrictions. In reality, trade agreements that are labelled as "free trade" by their proponents may actually create their own barriers to a free market. Some critics of such trade agreements see them as protecting the interests of corporations.





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