Ideas on Europe

Informed analysis, comment and debate

Tag Archives: Customs

Frictionless trade is not the same as free trade

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Many people, including politicians and journalists, don’t understand the difference between ‘free trade’ and ‘frictionless trade’. This has caused a huge misunderstanding across the country, leading to the mess we are now in. In summary, ‘free trade’ means that goods (sometimes only some goods) can be exported and imported between countries without tariffs – hence […]