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Definition of: free trade
1. Commerce between different countries free from restrictions or burdens, as tariff or customs; specifically, commerce not subjected to restrictions, discriminations, or favors of any kind designed to influence its normal course.
2. The practice, policy, or system of unrestricted trade.
3. The trade system of a country whose duties are levied only for revenue and without regard to their effect on home industries. Compare PROTECTION, PROTECTIVE TARIFF.
4. Archaic or Obs. Smuggling.
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