Question

What do you understand by free trading and how free trading has significance role in international business?

Answer 1

Answer:

Free trade is a trade policy that does not restrict imports or exports.

Explanation:

A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.