What is free trade?

  • (noun): International trade free of government interference.

Free Trade

Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports) or quotas. According to the law of comparative advantage, the policy permits trading partners mutual gains from trade of goods and services.

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Some articles on free trade:

List Of Bilateral Free Trade Agreements
... This is list of free trade agreements between two sides, where each side could be a country (or other customs territory), a trade bloc or an informal group of countries ... Every customs union, trade common market, economic union, customs and monetary union and economic and monetary union has also a free trade area ...
Candidates Of The Australian Federal Election, 1903 - House of Representatives - Western Australia
... Electorate Held by Protectionist Candidate Free Trade Candidate Labour Candidate Coolgardie Labour Hugh Mahon Fremantle Free Trade Elias Solomon William Carpenter Kalgoorlie ...
List Of Australian Senate Appointments - List of Appointments To The Senate - 1st Parliament (1901–1903)
... Mackellar Protectionist Resignation Western Australia 20 May 1903 Norman Ewing Free Trade Henry Saunders Free Trade Resignation Victoria 21 January 1903 Sir Frederick Sargood Free ...
List Of Bilateral Free Trade Agreements - See Also
... Free trade area New Zealand free trade agreements United States free trade agreements European Union free trade agreements ...
Free Trade - In Literature
... The value of free trade was first observed and documented by Adam Smith in The Wealth of Nations, in 1776 ... to mercantilism, the dominant view surrounding trade at the time, which held that a country should aim to export more than it imports, and thus amass wealth ... it in his 1817 book On the Principles of Political Economy and Taxation, it makes a case for free trade based not on absolute advantage in production of a good, but on the relative ...

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