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Asked Nov 6, 2019
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In practice do the policies of countries around the world reflect a commitment to free trade?

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Expert Answer

Step 1

The free trade is the unrestricted trade between the nations. When there is free trade, there should be an unrestricted free flow of goods and services between the countries and there should be no form of trade distorting factors such as quotas, tariffs or licensing etc.

Step 2

Most of the advanced and developed countries in the world claims that they are practicing the free trade and they showcases some of the agreements in which they have free trade agreements with the other countries. But to be precise, most of the countries policies are not favoring the free trade. Most of the countries will have some sort of trade dis...

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