free trade deal
Tariff-eliminating pact
A free trade deal is an agreement between countries to reduce or eliminate tariffs, quotas, and other barriers to commerce.
Such deals aim to increase trade volume by making imports and exports cheaper and easier: The free trade deal with Mexico transformed the auto industry.
Critics argue these agreements can harm domestic workers by exposing them to foreign competition.
- agreementShared position between parties
- exportForeign-bound sale
- importObtain from overseas
- negotiationDiscussion seeking mutual accord
- bilateralInvolving two parties
most favored nation · customs · quota · treaty · commerce · barrier · globalization · open market · NAFTA · WTO · economic bloc · market · goods · supply chain · pact · signing · diplomacy · partnership
- treatiestreaty, treaties, peace treaty, peace treaties, bilateral treaty
free trade dealprotectionism
Shielding local producers
trade barriers · tariff · trade restriction · embargo · import ban
free trade dealeconomic nationalism
Favoring domestic over foreign commerce
isolationism · autarky · mercantilism · import substitution · deglobalization
free trade dealtrade war
Retaliatory economic hostilities
trade sanctions · economic sanctions · trade dispute · retaliatory tariffs
free, trade, deal, freely, freedom, freeing, freed, freer, freest