free trade

• Wirtschaftspolitische Strategie, bei der Waren und Dienstleistungen über internationale Grenzen hinweg mit möglichst wenigen staatlichen Beschränkungen wie Zöllen, Quoten oder Subventionen gehandelt werden können.

An economic policy or system where goods and services can be bought and sold across international borders with little or no government restrictions such as tariffs, quotas, or subsidies.

1. International trade policyB2formal

   A policy where goods and services can be traded between countries without tariffs, quotas, or other restrictions.

   Freihandel

   • The two countries signed a free trade agreement to boost their economies.
   • Free trade often leads to lower prices for consumers.
   • Critics argue that free trade can harm local industries.

2. Economic ideologyC1formal

   An economic concept advocating minimal government intervention in trade, allowing market forces to determine prices and flows.

   Freihandel

   • The politician's platform was built on the principles of free trade.
   • Free trade is a cornerstone of classical economic theory.
   • Debates about free trade often focus on its impact on employment.