free trade agreement

Definition

A treaty or other arrangement between states or nations that removes tariffs, embargos, customs duties, and other barriers to commerce. Free trade agreements are often used to increase the amount of trade between two countries, in order to stimulate both economies.

Use this term in a sentence

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
free trade free trade area