The ability to buy and sell on your own terms, without gov't red tape, gay trade agreements, or 14 year-old 'fair trade' faggots getting in your face.
I want what Peter has; he wants what I have. So we trade, and we're both better off for it.
by RXtasy February 01, 2005

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Top Definition
generally bad for one or both of the paticipating countries
elmo like free trade, elmo assembled by cheap chinese labour!
by kung fu karl July 01, 2005

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Generally good for both participating countries. Allows each country to stop doing things it's bad at, and be competitive in areas where it does the best.
"If there were an Economist's Creed, it would surely contain the affirmations 'I understand the Principle of Comparative Advantage' and 'I advocate Free Trade'." -Paul Krugman
by Oscar MacGorden March 23, 2012

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A broken system guaranteeing in participating countries that wages will be kept low, unemployment will be kept high, environments will be kept unsanitary, and governmental bodies will be corrupt.
The president sold his country's middle class down the river by signing the country into free trade agreements and eliminating tariffs on imports.
by K Corwin D December 25, 2016

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