Free List (Noun)
Meaning
A list of commodities that are not subject to tariffs.
Classification
Nouns denoting communicative processes and contents.
Examples
- The free list was a crucial component of the trade agreement, allowing for the duty-free importation of essential goods.
- Countries often negotiate to have certain products included on the free list to promote economic cooperation and reduce trade barriers.
- The free list was updated annually to reflect changes in the global market and ensure that the most critical commodities remained tariff-free.
- By placing solar panels on the free list, the government aimed to encourage the adoption of renewable energy sources and reduce carbon emissions.
- The free list was a key factor in the success of the regional trade bloc, facilitating the exchange of goods and services among member states.