Question

what is free trade ? with example elaborate
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Answer 1

Answer:

Free trade is a largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. For example, the North American Free Trade Agreement (NAFTA), between the United States, Canada, and Mexico is one of the best-known FTAs.

Explanation:

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Answer 2

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• Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade.

• In government, free trade is predominantly advocated by political parties that hold liberal economic positions while economically left-wing and nationalist political parties generally support protectionism, the opposite of free trade.

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