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What do we mean by Free trade policy?

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Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/09/18
Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

It means, the free flow of goods and services across nations frontiers, without any restrictions or interference of laws. As a matter of fact, this policy is increasingly used since the end of world war II, especially with the "GATT", trade barriers have continuously developed.  

VENKATA RAO
by VENKATA RAO , HR Manager , BSCPL Infrastructure Ltd

Free trade policies generally promote the following features: Trade of goods without taxes (including tariffs) or other trade barriers (e.g., quotas on imports or subsidies for producers) Trade in services without taxes or other trade barriers.

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