Free trade
Term · Law · MLC-T-LAW-002233
An international economic policy where governments do not restrict imports or exports, allowing goods and services to flow across national borders without tariffs, quotas, or other barriers. This approach aims to promote economic efficiency and growth through specialization and comparative advantage. Free trade agreements often govern the terms of such exchanges between countries.
| Identifier | MLC-T-LAW-002233 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002233",
"term": "Free trade",
"field": "Law",
"definition": "An international economic policy where governments do not restrict imports or exports, allowing goods and services to flow across national borders without tariffs, quotas, or other barriers. This approach aims to promote economic efficiency and growth through specialization and comparative advantage. Free trade agreements often govern the terms of such exchanges between countries.",
"url": "https://mlchart.com/terminology/law/free-trade/"
}
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