free trade
A situation in which there are no artificial barriers to trade, such as tariffs and NTBs. Usually used, often only implicitly, with frictionless trade, so that it implies that there are no barriers to trade of any kind. For a traded homogeneous product, it follows that domestic and world price must be equal.
Browse by Subjects
free trader
Trade Bloc
free trade area
Mercosur
See All Related Terms »

capital costs
Internet
source document
report
variation margin