Free trade definition, trade between countries, free from governmental restrictions or duties. See more. Free trade definition: international trade that is free of such government interference as import quotas , | Meaning, pronunciation, translations and examples. Log In Dictionary. Thesaurus. Translator. Grammar. English. Definition of 'free trade' Is free trade a good thing? The issue of free trade has been a source of debate for centuries, and in this lesson, we will discuss the pros and cons of free trade that have led to this debate.