free trade

noun
1.
trade between countries, free from governmental restrictions or duties.
2.
international trade free from protective duties and subject only to such tariffs as are needed for revenue.
3.
the system, principles, or maintenance of such trade.
4.
Chiefly Scot. smuggling.

Origin:
1600–10

free-trade, adjective
prefree-trade, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
free trade
 
n
1.  Compare protection international trade that is free of such government interference as import quotas, export subsidies, protective tariffs, etc
2.  archaic illicit trade; smuggling

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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American Heritage
Cultural Dictionary

free trade definition


Unrestricted trade among nations without government tariffs or customs duties on imports.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
But it also poses a quandary, pitting our need for security against the ideal
  of an open society and free trade.
Their agenda includes promoting the war on terror, maintaining strong
  intelligence services, and supporting free trade agreements.
Much better spend your efforts on promoting free trade.
Lets get rid of all farm subsidies and have real free trade, not pretend free
  trade.
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