free trade
This term describes an economic philosophy centered on the removal of protectionist barriers. It carries a strong connotation of openness and global integration, often contrasted with protectionism. In political discourse, it is frequently associated with neoliberalism and the goal of maximizing efficiency through comparative advantage.
As a noun, the term is typically used as an uncountable concept referring to the system itself. When used as an adjective, it modifies specific legal or political instruments, such as agreements or zones. It is rarely used in casual conversation, appearing primarily in formal economic, legal, and diplomatic registers.
Meanings
A policy or system of international trade in which governments do not restrict imports or exports through tariffs, quotas, or other trade barriers.
The two nations signed a treaty to promote free trade and lower customs duties.
Relating to or based on the principle of international trade without government-imposed restrictions.
The government is pursuing a free trade agreement with its neighboring countries.