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However, it has been mired in argument and seen to be hijacked by rich country interests, thus worsening the lot of the poor, and inviting protest and intense criticism.
What’s free trade?
Free trade is international trade of goods without tariffs (taxes on imports) or other trade barriers (e.g., quotas on imports); international trade in services without tariffs or other trade barriers; the absence of trade-distorting policies (such as taxes, subsidies, regulations or laws) that give domestic firms, households or factors of production an advantage over foreign ones. (The World Trade Organization 2006)
A diagram to illustrate free trade
Consider the market for a manufactured good such as fabric in a small less developed country...
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