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Free trade (1)
FREE TRADE (1)

Definition: A system of international trade in which there are no restrictions or taxes on imports and exports.
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* All ten elements would be in.


1. Purposeful and necessary for those practicing system.

2. Legal agreements, memorandum of understanding, etc. subsists between the countries or economic blocks engaged in trade of 'no rules'. And transactions are, therefore, generally hitch-free.

3. Pre-shipment and destination inspections are necessities in the arrangements that may be in place - to avoid the transportation of toxic or dangerous radioactive materials, etc. (connect to #2).

4. Clearance, especially at the ports or points of entry, of goods and services will be a seem-less process; correct, quick and prompt.

5. Functional facilities to take care of special materials or needs are provided. That is, tracking of data, storage, transportation provisions, etc. are excellent and effective.

6. Documentation that will take place in respect of trading activities will be online, real time and this will be secure, current, complete and error-free.

7. (Reserved.) (No sales tax will be imposed on imports when the goods and services get to the final end users. And repatriation of legally earned profits will not be limited to a specific amount.)

8. Marketing, distribution, etc. is not controlled or influenced by governments or conglomerates and restrictive practices such as bootlegging, etc. are prohibited in the system.

9. Specific local laws will not be flouted by the companies and businesses - importers and exporters - involved in the open market.

10. System serves purpose(s), whatever this/these is/are.
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See perfect FREE MARKET.

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