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Trade
freedom is a key ingredient of economic freedom, it implies freedom of exchange
across national boundaries. Trade freedom contributes to the economic prosperity
of a country. It is a policy in which governments of countries don’t dictate
restrictions or trade barriers in importing and exporting services or goods between
countries.

Trade
freedom index in a country can be perceived by two inputs:

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–      
The
trade-weighted average tariff: (quantitative measure)

–       NTBs = Non- tariff barrier: (quantity
restrictions, prices restrictions, regulatory, customs restrictions and direct
government intervention) they impede the trade not only imposing tariffs.

Trade freedom is fundamental nowadays since the communication and
transportation through high technology become more and more easier.

Some trade policies not only support economic growth,
but also support the protection of property rights.

 

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