From Longman Dictionary of Contemporary Englishfree tradeˌfree ˈtrade noun [uncountable] PEa situation in which the goods coming into or going out of a country are not controlled or taxed
Examples from the Corpus
free trade• In a sea power economy, vested interests are in open markets and free trade.• Mr. Redwood Investment both ways is welcome because free trade and free investment flows increase world prosperity.• On foreign policy, Forbes is firmly for free trade.• Whitbread generates half of its free trade sales in the South.• Neither the farmers nor their animals count in the calculus of free trade.• Certainly he invokes the values of freedom and democracy; he has committed himself to the pursuit of free trade.• The rich want free trade in services; the poor want protection.From Longman Business Dictionaryfree tradeˌfree ˈtrade [uncountable]ECONOMICS a system in which goods can be bought and sold between countries without any restrictions such as TARIFFs (=taxes) or QUOTAs (=limits on imports)free trade withQuebec Liberals strongly support free trade with the US.an agreement on bilateral free trade (=free trade between two countries) between Brazil and Venezuela.We aim at bringing the Pacific region rapidly into a US-sponsored Free Trade Area, en route to multilateral free trade (=free trade between many countries). → trade 