free trade

English - Turkish

Definition of free trade in English Turkish dictionary

Zirve uluslar serbest ticareti gündemin en başına koydular. - The summit nations put free trade at the top of the agenda.

Yüksek tarifeler serbest ticarette baş engellerdir. - High tariffs are the chief obstacles to free trade.

free trade area

serbest ticaret bölgesi

free trade zone

serbest bölge

free trade wharf

(Ticaret) Serbest ticaret limanı

economy oriented towards free trade

dışa açık ekonomi

european free trade association

(Avrupa Birliği) (EFTA) Avrupa Serbest Ticaret Birliği (EFTA)

English - English

Definition of free trade in English English dictionary: international trade free from government interference, especially trade free from tariffs or duties on imports; The untrammeled international exchange of products and commodities with tariffs used to produce reasonable revenue and not to hinder commerce; Trade between nations that is unrestricted by governmental actions; Trade arrangements where tariffs or other barriers to the free flow of goods and services are eliminated; trade among countries which occurs freely, without barriers such as tariffs or quotas; A system whereby the free movement of all goods and services, investment money and workers between countries is neither restricted nor encouraged by government; the view that all countries benefit to the degree that trade between them is not impeded by tariffs and other forms of protectionism; a complete lack of restrictions on international trade (chapter 17); When two or more countries agree to drastically diminish, if not eliminate, tariffs and quotas between themselves on some or all goods However, each country is free to pursue independent policies with respect to the rest of the world; the belief that if we can remove tariffs, import quotas, and other barriers to free trade, people around the world will have a higher standard of living; (p 65) The movement of goods and services among nations without political or economic obstruction; situation where there are no restrictions (tariffs, quotas, etc ) on imports and exports of goods; The Apostle of Free Trade Richard Cobden (1804-65); Free trade exists when the international exchange of goods is neither restricted nor encouraged by government-imposed trade barriers Subsequently, the determination of the distribution and level of international trade is left to the operation of market forces; A theoretical concept assuming international trade unhampered by government measures such as tariffs or non-tariff barriers Countries, instead, continually strive to establish freer trade; transfer of wealth from taxpayers of one country to an economically challenged country to support its currency which then passes to the original investors - accompanied by workers subsidizing export of their jobs; Movement of goods and capital without government restrictions; Trade between nations without protective customs tariffs.free trader n. a situation in which the goods coming into or going out of a country are not controlled or taxed. Policy in which a government does not discriminate against imports or interfere with exports. A free-trade policy does not necessarily imply that the government abandons all control and taxation of imports and exports, but rather that it refrains from actions specifically designed to hinder international trade, such as tariff barriers, currency restrictions, and import quotas. The theoretical case for free trade is based on Adam Smith's argument that the division of labour among countries leads to specialization, greater efficiency, and higher aggregate production. The way to foster such a division of labour, Smith believed, is to allow nations to make and sell whatever products can compete successfully in an international market; Trade between nations that is conducted on free market principles, without tariffs, import quotas or other restrictive regulations In 1993, Canada, the United States and Mexico entered into a trilateral free trade agreement: the North American Free Trade Agreement; international trade free of government interference; Trade without intervention from governments Prices and products are determined by market forces of supply and demand; the policy of having no restrictions over imports or exports; unrestricted trade among nations without government tariffs or customs duties on imports; trade among countries that occurs without barriers such as tariffs or quotas; Trade in which goods can be imported and exported without any barriers in the forms of tariffs, quotas, or other restrictions Free trade has often been described as an engine of growth because it encourages countries to specialize in activities in which they have comparative advantages, thereby increasing their respective production efficiencies and hence their total output of goods and services
free trade area: An international region in which obstacles to unrestricted trade have been reduced to a minimum
free trade areas: plural form of free trade area
free trade area: A free trade area is a cooperative arrangement among two or more nations, pursuant to the General Agreement on Tariffs and Trade, whereby trade barriers are removed among the members The arrangement generally includes a customs union with a common external tariff, although there are exceptions in which members maintain individually separate tariff schedules for external countries Extensive economic analysis of WTO, NAFTA, and FTAA is available
free trade area: an area in which trade is tariff-free, although member countries are able to impose separate trade barriers on outside countries
free trade area: A group of states that have reduced or eliminated trade barriers between themselves, but who maintain their own individual tariffs as to other states
free trade area: A designated trade area where tariffs on imported goods are reduced or eliminated for certain countries
free trade area: Two or more countries that have eliminated tariff and most non-tariff barriers affecting trade among them, while each participating country applies its own independent schedule of tariffs to imports from non-member countries An example is the European Free Trade Association (EFTA) Free trade areas are governed by GATT Foreign trade zones or FTZs are the U S form of free trade areas Free trade zones (sometimes called "customs free" or "duty free" zones) is a generic term referring to special commercial and industrial areas where special customs procedures allow importation of foreign merchandise without the requirement that duties be paid immediately
free trade area: Area established by agreement among two or more nations within which participants agree to free trade of goods and services among themselves
free trade area: A free trade area is a group of countries among which goods pass free of trade barriers but which does not adopt a common external tariff regime As such, the EC is a customs union, but NAFTA is a free-trade area because the external trade barriers of Canada, Mexico and the US were not harmonized
free trade area: A form of regional economic integration where internal tariffs are abolished but where countries set there own external tariffs
free trade area: Regional trading bloc that encourages trade by eliminating trade barriers among its members
free trade zone: area in which there is unrestricted trade among nations without the imposition of government tariffs or customs duties on imports
European Free Trade Association: EFTA, organization of several European nations that was founded in 1960 in order to encourage free trading between member nations and later (in 1994) to promote a common economy
European Free Trade Association: International organization whose purpose is to remove barriers to trade in industrial goods among its members. The EFTA's current members are Iceland, Liechteinstein, Norway, and Switzerland. It was formed in 1960 by Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and Britain as an alternative to the European Economic Community (EEC). Some of those countries later left the EFTA and joined the EEC. In the 1990s Iceland, Liechtenstein, and Norway joined the European Economic Area, which also included all members of the European Union. Each country in the EFTA maintains its own commercial policy toward countries outside the group
North American Free Trade Agreement: agreement between Canada Mexico and the USA that took effect on the 1st of January 1994 and reduced or eliminated trade barriers between the three nations
european free trade association: European countries not part of the European Union but having no internal tariffs
european free trade association: An international organization with four member countries: Iceland, Liechtenstein, Norway, and Switzerland The purpose of EFTA is to monitor and manage relationships among the EFTA states
european free trade association: Austria, Finland, Iceland, Liechtenstein, Norway, Sweden, Switzerland
european free trade association: A regional trade organization that aims to bring about free trade in industrial goods and an expansion of trade in agricultural goods between its member countries and to contribute to the liberalization and expansion of world trade
european free trade association: A regional flee trade area established in 1958 concerned with eliminating tariffs on manufactured goods and agricultural products that originate in and are traded among member countries Most agricultural products are not subject to EFTA schedule tariff reductions Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland
european free trade association: A free trade zone including many non-EC countries in Europe Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland
european free trade association: A free trade zone including many non-EU countries in Europe Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland
european free trade association: Set up in 1960 to encourage free trade between member countries p 88
free-trade zone: Area within which goods may be landed, handled, and re-exported freely. The purpose is to remove obstacles to trade and to permit quick turnaround of ships and planes. Only when the goods are moved to consumers within the country in which the zone is located do they become subject to tariffs and customs regulation. Free-trade zones are found around major seaports, international airports, and national frontiers; there are more than 200 such zones in the U.S. alone