free trade
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Free trade is an economic policy where countries allow goods and services to move across their borders without government restrictions like tariffs or quotas. It matters because it can affect prices consumers pay, which businesses can access markets, and how countries' economies develop.
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Trade as a share of global GDP (openness index).
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist political parties generally support protectionism, the opposite of free trade.